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Hi I have these Behavioural Economics questions I need help with. Please explain in detail. a) What is the 'As If' critique? b) Outline the

Hi I have these Behavioural Economics questions I need help with. Please explain in detail.

a) What is the 'As If' critique?

b) Outline the concept of mental accounting.

c) Explain what is meant by 'loss aversion' and outline how it affects decision-making

d)What is the endowment effect and how does it affect decision-making?

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