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Running head: RESEARCH PAPER 1 Examples of behavioral economics Name Instructor Course Date RESEARCH PAPER 2 Table of Contents Introduction ..................................................................................................................................... 1 Heuristics ..................................................................................................................................... 4 Self-handicapping........................................................................................................................ 4 Gamblers Deceit .......................................................................................................................... 5 Escalation of Commitment .......................................................................................................... 5 Conclusion ...................................................................................................................................... 6 References ....................................................................................................................................... 7 RESEARCH PAPER 3 Introduction In an ideal world, individuals tend to make optimal decisions which have maximum benefits and satisfaction. The rational choice theory states that when humans are presented with a myriad of options, with the condition of scarcity they are inclined towards options will have the greatest individual satisfaction. The impli ...
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