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First set of behavioral ideas

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You have now been exposed to a first set of "behavioral ideas" and how they differ from standard theory. Think about one behavior (or choice) that you encounter in day-to-day life that seems at odds with your understanding of Neoclassical economics (the type of economics you have been taught in introductory and intermediate classes). Describe in 1-2 sentences why you think the behavior or choice is at odds with standard theory. Then think about what we could incorporate in standard theory to explain your behavior (1 paragraph). Be prepared to discuss your answer in class on Tuesday.

Reference no: EM131372804

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