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2. Describe an economic decision (in real life or in a fictional story) that turned out to be an irrational choice. The decision does not
2. Describe an economic decision (in real life or in a fictional story) that turned out to be an irrational choice. The decision does not benefit the individual, and may not have benefited anyone or only people the individual did not intend. 3. Describe an economic decision (in real life or in a fictional story) when an individual's economic decision was influenced by an advertisement or was influenced by their friends or neighbors. 4. Describe an economic decision (in real life or in a fictional story) when a decision was not optimal for the individual who made the choice, but it was beneficial to their friends, family, or their community as a whole. 5. Describe an economic decision (in real life or in a fictional story) that turned out to be beneficial to the individual who makes the choice, benefits many other people in the community, harms one or more people from another community. 6. What do the examples from questions 2-6 suggest about the ability of utility theory to explain economic behaviors? What methods and techniques for analysis do Psychology and Sociology have to offer to economists who wish to better understand economic behavior
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