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Write the equation for the reaction, using methanol (CH3OH), that would render the carboxyl group of alanine unreactive.
Endowment Effect
Tendency of individuals to value an item more when they own it than when they do not.
Reference Point
A basis or standard for evaluation, comparison, or judgment.
Original Endowment
The initial allocation of income, wealth, resources, or goods that an individual or economy possesses before engaging in trade or production activities.
Behavioral Economics
A field of study blending economics and psychology to explore how people make decisions, often deviating from rationality.
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