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Bounded Rationality and Behavioral Frictions: Why Simple Digital Tools Outcompete “Built-In” Features

Bounded rationality explains why users choose simple tools like ROI calculators over complex built-in features....
4 min read
Quiz - price determination
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Quiz - price determination

Published on January 29, 2020

Quiz - perfect competition and monopolistic competition
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Quiz - perfect competition and monopolistic competition

Published on January 29, 2020

Quiz - oligopoly and monopolistic competition
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Quiz - oligopoly and monopolistic competition

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Quiz - Market failures
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Quiz - Market failures

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Quiz - price elasticity of supply
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Quiz - price elasticity of supply

Published on January 29, 2020

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Quiz-price-elasticity-of-demand

Published on January 29, 2020

Quiz - Cross elasticity of demand
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Quiz - Cross elasticity of demand

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Quiz - Costs revenue and profits
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Quiz - Costs revenue and profits

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Quiz-supply

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Quiz-demand
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Quiz-demand

Published on January 29, 2020

Newer Posts
Page 143 of 183
Older Posts
When you are shopping online, is the seller using psychological tricks to manipulate you into buying more?

Dark Patterns and the Economics of Consumer Mistakes

Almost all of us have experienced websites using various strategies and gimmicks to urge us to buy more stuff. This is known as the use of dark patterns to take advantage of human psychology. What are the economic ramification of widespread ecommerce use of dark patterns?...
4 min read

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