Toy Yoda, cont. Suppose that the same value function captures the waitresss value function over cars in
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Toy Yoda, cont. Suppose that the same value function captures the waitress’s value function over cars in Example 3.34. What is the total change in value she experiences after she gains a car and then loses it? Assume that she incorporates it into her endowment and therefore adjusts her reference point immediately upon receiving the promise of a car.
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Related Book For
A Course In Behavioral Economics
ISBN: 9781352010800,9781352010817
3rd Edition
Authors: Erik Angner
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