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The news has been full of stories lately about the stock market problems, sub-prime mortgages, and ponzi schemes. All of these required people to make decisions.
Research one of the stories and discuss how motivation influenced people to make such terrible decisions. Had exponential discounting played a part in the decision(s) that you had researched. If so, how?
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In this assignment, we were supposed to provide an example of either stock market problems, sub-prime mortgages, and ponzi schemes. I have provided an example of Ponzi scheme. I have taken classic case of "Tulipmania" and explained how motivation influenced people make terrible decisions.
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