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Satsume Satsume
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6 years ago
Standard game theory predicts a solution to the ultimatum game that is rarely observed when people actually play the game.  The key reason that behavioral economists believe the predicted and observed outcomes differ is because people account for ________ of the outcome when making decisions.
A) loss aversion
B) fairness
C) efficiency
D) utility
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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oracledarrenoracledarren
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6 years ago
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6 years ago
You make an excellent tutor!
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