Describe some cognitive or behavioral limitations you have experienced when making consumption decisions and how these limitations

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Describe some cognitive or behavioral limitations you have experienced when making consumption decisions and how these limitations can lead to hand-to-mouth consumption. Why is it easier to forecast the impact of an income change on consumption for hand-to-mouth consumers than for consumption smoothers?

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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