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How would Homo economicus (the fully informed, rational, calculating individual) react to an increase in the excise tax on a product or service such as
How would Homo economicus (the fully informed, rational, calculating individual) react to an increase in the excise tax on a product or service such as gambling, alcohol, or tobacco? How might the response differ for a person with more complex motivation (concern for others, sensitivity to social pressures, etc.), less perfect information, and/or more inclination to make decisions by habit? What role might tastes and preferences, or addiction, play in each case
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