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Persistent link: https://www.econbiz.de/10002154860
Studies in psychology and behavioral economics have found that decision-making is replete with cognitive biases. Using stylized examples of time inconsistency, regret, and overconfidence, this paper demonstrates how biases may offset each other and lead to correct decisions. If only some biases...
Persistent link: https://www.econbiz.de/10014089017