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[Traditional economics] assumes that humans everywhere deploy the same cognitive machinery for making economic decisions, and consequently, will respond similarly when faced with comparable economic

[Traditional economics] assumes that humans everywhere deploy the same cognitive machinery for making economic decisions, and consequently, will respond similarly when faced with comparable economic circumstances" (Henrich 2000). Critically analyse this statement with reference to cross-cultural experimental evidence. Can culture be effectively used by economists to explain and predict economic behaviour? (35 points)

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