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economists model decision-making, how behavioral economics failed to correct them, and how they led to the problems with …
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The problem with traditional economic models of choice -- How behavioral economics makes the same mistakes -- How behavioral economics met law and economics and begat nudge -- Why nudges can't do what they promise -- Why nudges are unethical -- All nudges are not created equal -- Why choice...
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Several recent behavioral models of choice build on the idea that decision makers put more weight on attributes in … which the available options differ more. We test this assumption in a controlled experiment where such biases will generate … affect the maximal difference in attributes among the options. Our findings suggest that the decision maker's focus is drawn …
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