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If Arnold has a positive rate of time preference, he desires to
Conversion Theory
A psychological theory that suggests people's attitudes can change under certain conditions without them being aware of those changes.
Distinctive Position
A unique or notable situation or status within a particular context or environment.
Social Contagion
The phenomenon where ideas, feelings, behaviors, or attitudes spread within a group or society, akin to the transmission of a disease.
Reference Group
A social group that serves as a point of comparison for individuals when forming attitudes or behaviors.
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