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Dictator Game
An economic experiment that measures how fairly individuals allocate resources between themselves and another participant, without any threat of punishment.
Neoclassical Economics
A branch of economics focusing on the determination of prices, outputs, and income distributions in markets through supply and demand, emphasizing rational individuals and efficient market outcomes.
Behavioral Economics
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Neoclassical Economics
A mainstream approach to economics that focuses on the determination of goods, outputs, and income distributions in markets through supply and demand.
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