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SOLUTIONS MANUAL FOR BEHAVIORAL ECONOMICS 1ST EDITION BY BRANDON LEHR questiona and answers 2024
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SOLUTIONS MANUAL FOR BEHAVIORAL ECONOMICS 1ST EDITION BY BRANDON LEHR questiona and answers 2024
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SOLUTIONS MANUAL FOR BEHAVIORAL ECONOMICS 1STEDITION BY BRANDON LEHR questiona and answers
2024
SOLUTIONS MANUAL FOR BEHAVIORAL ECONOMICS 1ST
EDITION BY BRANDON LEHR questiona and answers
2024
Role of Behavioral Psych and Bourbakism for Rationality HET - the push for math over
intuition, abstraction over application and behaviorism in psychology and economics
morphed the assumptions of rationality to the standard bearer of real action
Neoclassical Rationality Axioms as Assumptions without Normative Grounding - self-
explanatory
Irrationality from Preference Discovery - people learn their preferences over time. It is a
process. Opposed to the neoclassical assumption that we know our preferences
beforehand
Irrationality from Economizing Cognitive & Non-Cognitive Effort - It's mentally taxing to
analyze all possible actions. This is why we "streamline" things with system 1. Think
searching cost
Irrationality from Preference Rotation - Rotating preferences does not equal irrationality
Interpretation, Rediscription, and Irrationality - what's on the menu matters in what a
person's preferences are
Non-Sequitur of Resolving Preference Inconsistencies - Behavioral Economists assume
inconsistencies of choice mean inconsistencies of preferences
Ultimatum Game - A game in which a proposer is given a sum of money and makes an
offer to a responder as to how this money should be split between them. The responder
must choose to accept the offer or reject it. This game has been used to study people's
decision-making strategies.
Dictator Game - This is a behavioral economics game that has been used to understand
people's internalized motivation for fairness. In this game, the participant has a total
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