Microeconomics (9th Edition) (Pearson Series in Economics)
9th Edition
ISBN: 9780134184241
Author: Robert Pindyck, Daniel Rubinfeld
Publisher: PEARSON
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Chapter 19, Problem 4RQ
To determine
The endowment effect application
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Explain behavioral economic belief
why is behavioral economic beliefs better than traditional economic
Explain two or more of the behavioral economics concepts listed below and give an example of each
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Concepts: Confirmation bias, overconfidence effect, hindsight bias, availability heuristic, planning fallacy, framing effects, anchoring, endowment effect, status quo effect
Chapter 19 Solutions
Microeconomics (9th Edition) (Pearson Series in Economics)
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