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Classical economics holds that people are efficient processors of information and are able to compare the discount rates built into different choices. Studies with

Classical economics holds that people are efficient processors of information and are able to compare the "discount" rates built into different choices. Studies with household appliances show that not to be true. This anomaly has been called: a. O Endowment Effect. b. O Status Quo Bias. D C. O Intertemporal Choice. d. Proximity Bias.

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