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Lottery winners who take the lump-sum payouts instead of payments spread out over many years Multiple Choice O believe the rate of return they could

Lottery winners who take the lump-sum payouts instead of payments spread out over many years Multiple Choice O believe the rate of return they could find in other financial assets is less than that implied in the extended payout. sacrifice free money and are making an economically irrational decision. prefer immediate to delayed returns. are only making a rational economic decision if there is rapid inflation

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