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When People Make Decisions That Go Against Their Own Interests

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When people make decisions that go against their own interests, neoclassical economics explains this to be instances where people are


Definitions:

Hard Water

Water that contains high levels of calcium and magnesium ions, which can reduce the effectiveness of soap and leave deposits.

Micelle

A spherical aggregate of surfactant molecules formed in a liquid colloid, important in various chemical and industrial processes.

Emulsion

A mixture of two or more liquids that are normally immiscible, with one liquid containing a dispersion of the other.

Phospholipids

A group of lipids essential to all cell membranes for their ability to create lipid bilayers.

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