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The Given-New Contract Is a Method for Creating

question 41

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The given-new contract is a method for creating

Recognize how behavioral economics explains the influence of cognitive biases and heuristics on decision making.
Identify the factors affecting human decision making, including the impact of framing, temptation, and future versus present preferences.
Understand the concept of "bounded rationality" and its significance in behavioral economics.
Examine the role of external factors, such as store layout and advertisement, on consumer behavior from a behavioral economics perspective.

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