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Bounded Rationality Effects People in More Ways Than Simply Expenditure

Question 22

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Bounded rationality effects people in more ways than simply expenditure patterns.Think of ways in which your behavior is bounded so that it appears irrational at times.Be careful not to lump together concepts that are discussed in Chapter 8 under other names.Is bounded rationality a good or bad thing in your view?

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People have philosophical, political, an...

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