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Assume that you and your significant other (either real or imagined) are thinking of taking a vacation next year. What can you do to maximize
Assume that you and your significant other (either real or imagined) are thinking of taking a vacation next year.
What can you do to maximize the benefit you'll get from your overall experience?
Use Behavioural Economic strategies for maximizing utility:
Commitment strategies
Calibrate with others' experience Satisficing Limiting available choices Certainty/possibility effect
Altruism
Bandwagon Effect
Loss Aversion
Present Self vs. Future Self
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