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    Exam 9: Decision Making by Individuals and Firms
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    Mary Goes Ahead and Buys a New Car Because She
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Mary Goes Ahead and Buys a New Car Because She

Question 183

Question 183

Essay

Mary goes ahead and buys a new car because she expects to receive a 10% increase in her salary next year.What type of irrational behavior does this represent?
A.status quo bias
B.overconfidence
C.misperception of opportunity
D.costs risk aversion

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