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Explain Utility theory and its application in Covid-19 Pandemic as a macroeconomic public policy response and its importance as a decision making tool. Explain Prospect

Explain Utility theory and its application in Covid-19 Pandemic as a macroeconomic public policy response and its importance as a decision making tool.

  2. Explain Prospect theory and its application in Covid-19 Pandemic as a macroeconomic public policy response and its importance as a decision making tool.

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Utility theory and Prospect theory are both psychological theories that have applications in decisionmaking including in macroeconomic public policy responses to crises such as the Covid19 pandemic 1 ... blur-text-image

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