Explain the psychological bias that causes peoples decisions to be affected by default rules or the endowment

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Explain the psychological bias that causes people’s decisions to be affected by default rules or the endowment effect.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:32 AM

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Explain the psychological bias that causes peoples decisions to be affected by default rules or the endowment

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To conclude I can say that both effects relate ...View the full answer

Microeconomics

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