Under what circumstances might people appear to use rules of thumb, as suggested by the assumption of

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Under what circumstances might people appear to use rules of thumb, as suggested by the assumption of bounded rationality, even though they really were behaving in a manner suggested by the rationality assumption?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:32 PM

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Under what circumstances might people appear to use rules of thumb, as suggested by the assumption of

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