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(CLO 3) Behavioral economics is a new field in economics that questions some of the underlying assumptions of perfect consumer rationality in making real-world decisions.
(CLO 3) Behavioral economics is a new field in economics that questions some of the underlying assumptions of perfect consumer rationality in making real-world decisions. Give three examples found in behavioral economics research that challenges the classical perspective of consumers, and discuss how the insights of behavioral economics can influence business or government's public policy decisions.
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