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Tag: economics

  • How Humans Work: The Sunk Cost Fallacy

    How Humans Work: The Sunk Cost Fallacy

    [player id=2738] What it Means to be a Human Behavioral economics is the branch of economics that studies the effects of our emotions, cultural influences and many other things ultimately related to our psyche on the economics decisions we make. Instead of portraying individuals as perfectly rational, behavioral economics adds our flaws to the equation […]

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