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Evaluate the expression.
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Behavioral Economists
Scholars and professionals dedicated to analyzing how psychological, cognitive, emotional, cultural, and social influences affect the economic choices made by individuals and organizations.
Time Inconsistency
Describes a situation where a person's preferences change over time in such a way that what they prefer at one point in time is inconsistent with what they will prefer at another time.
Self-Control Problems
Refers to the difficulty individuals have in restraining their impulses or desires, often leading to challenges in decision-making that affect long-term goals.
Myopia
The lack of foresight or long-term planning, focusing only on the short-term gains or outcomes.
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