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macroeconomic expectations might be formed by the anchoring-and-adjustment heuristic, which is well known in psychology. We find …
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boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice … economics ; economic psychology …
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Recent research is exploring the case for cognitive or post-decision dissonance using the free-choice paradigm of Brehm (1956). Participants are repeatedly faced with a choice between items that they have given the same rating of liking, two items at a time, and it is found that items not chosen...
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