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What is behavioral economics?What Is Behavioral Economics? The Discipline That Discovered How We Actually Decide The Mistake That Changed Economics Several years ago, I found myself standing in a grocery store, holding two bottles of wine. One cost $12. The other cost $24. I knew almost nothing about wine. Yet I lingered. I examined labels I did not understand, regions I could not locate on a map, and tasting notes...0 Commentaires 0 Parts 61 Vue 0 Aperçu
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Why do people fear losses more than gains?Why Do People Fear Losses More Than Gains? The Asymmetry That Shows Up Everywhere A person is offered a choice: Receive $100 for sure Or flip a coin: win $200 or win nothing Most people hesitate, then choose the sure $100. Now reverse the structure: Lose $100 for sure Or flip a coin: lose $200 or lose nothing Now many people take the gamble. Nothing in the...0 Commentaires 0 Parts 113 Vue 0 Aperçu