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This paper argues that telecommunications markets present the consumer with a decision-making environment that is … particularly likely to be prone to established biases in consumer decision-making. The analysis identifies four properties of …. -- Telecommunications ; Decision-making biases ; Behavioural economics ; Regulation …
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This paper reviews some of the economic experimental evidence on conformism. There is nothing to match the early psychology experiments where subjects were often swayed by the behaviour of others to an extraordinary degree, but there is plenty of evidence of conformism. This seems built-in to...
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