A default option is the option that is selected when the decision-maker is indifferent between choices.
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Q2: The rational model predicts that if an
Q3: In the experiment discussed on page 5
Q4: The policy implication of the default option
Q5: The default option bias implies that the
Q6: The status quo bias is necessarily inconsistent
Q7: There are three bundles of goods:
Q8: A preference reversal is a violation of
Q9: If there is a violation of transitivity
Q10: Standard utility maximization cannot be used to
Q11: Consider two bundles
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