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contrast these classical economics foundations of utility maximization with some of the more update behavioral economics learnings. This blog post on the concept is very
contrast these classical economics foundations of utility maximization with some of the more update behavioral economics learnings. This blog post on the concept is very useful to understand how to apply those updated concepts to business. In particular, loss aversion, overconfidence, and temporal discounting are very applicable. https://brandtrust.com/blog/behavioral-economics/
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Macroeconomics
Authors: Robert J Gordon
12th edition
138014914, 978-0138014919
