Harald G.

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Perhaps surprisingly, the one group of people that come closest to thinking this way about opportunity costs is the poor. In their recent book Scarcity, Sendhil Mullainathan and Eldar Shafir (2013) report that, on this dimension, the poor come closer to behaving like Econs than those who are better off, simply because opportunity costs are highly salient for them.
Misbehaving: The Making of Behavioral Economics
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