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Neoclassic vs. Behavioral Economics debate - Assignment Example

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The behavioral theory is one that analyses the behavior behind choice made by consumers that are resultant from beliefs and attitudes of consumers (McFadden 1). On the other hand, the classical…
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Neoclassic vs. Behavioral Economics debate

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Neoclassic vs. Behavioral Economics debate

Download file to see previous pages... The classical theory, on the other hand relies on the values and experiences that consumers have towards a particular product; thus, select a product, not from their feelings, but from value expected (McFadden ...Download file to see next pagesRead More
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