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Sunk ‘Decision Points’: a theory of the endowment effect and present bias |
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| Authors: | Landry Peter |
| Institution: | 1.University of Toronto, 105 St. George Street, Room 555, Toronto, ON, M5S 3E6, Canada ; |
| Abstract: | Theory and Decision - This paper presents a very simple model in which situational cues associated with a particular consumption good compel an agent—who may have otherwise been... |
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