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Posted on May 27, 2024

Please help me this question with clear and detail explaination: Richarh Thaler started his Nobel prize speech using an example of cashew nuts for a

Please help me this question with clear and detail explaination:

Richarh Thaler started his Nobel prize speech using an example of cashew nuts for a dinner. (https://www.nobelprize.org/prizes/economic-sciences/2017/thaler/lecture/). Explain why this example is inconsistent with the assumption of conventional

economics.

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