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Consistent with the Predictions of Traditional Economic Theory More Effectively Addressed by Behavioral Economics Some people choose to work fewer hours after receiving a raise
Consistent with the Predictions of Traditional Economic Theory More Effectively Addressed by Behavioral Economics Some people choose to work fewer hours after receiving a raise at work. Some people treat $60 they earn differently from $60 they win in a random drawing. Some people would be willing to make a large sacrifice in order to help a loved one. Some people would pay money to lower the incomes of others
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