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Behavioral Economics

This category gives information on behavioral economics.
  1. Prospect Theory (2)

What Is Behavioral Economics?
This article gives an introduction to the field of behavioral economics.

The Endowment Effect
This article explains what the endowment effect is and why it arises in individual decision making.

Status-Quo Bias
This article explains what status-quo bias is and why it arises in individuals' decision-making processes.

The Overchoice Problem
This article explains what the overchoice problem is and summarizes some of the evidence that researchers have for the phenomenon.

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