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Definitions:
Behavioral Economics
A field of economics that examines how psychological, social, cognitive, and emotional factors affect economic decisions.
Pure Self-Interest
A motivation based entirely on one's own benefits and gains, without regard for others' welfare.
Dictator Game
An experimental economics scenario where a participant, the "dictator," has the power to decide how to allocate a sum of money between themselves and another participant.
Behavioral Economists
Academics analyzing the influence of psychological, cognitive, emotional, cultural, and social factors on the economic choices made by individuals and institutions.
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