When shopping for the best price on a durable good, the only thing you have to worry about is stopping your search too soon and, as a result, accepting a price that is too high.
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Q9: The important point of discounting is that
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Q11: The discount factor
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Q13: The slope of a hyperbolic discount
Q15: In the Loewenstein and Sicherman survey specifying
Q16: Experimental and real world data support
A) hyperbolic
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