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Neoclassical Theory Versus Prospect Theory: Evidence from the Marketplace

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NBER2003-06-01 更新2025-01-04 收录
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Neoclassical theory postulates that preferences between two goods are independent of the consumer's current entitlements. Several experimental studies have recently provided strong evidence that this basic independence assumption, which is used in most theoretical and applied economic models to

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2003-06-01
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