Although most of their work is driven by numbers and equations, economists are inherently curious about the peculiarities of human behavior—especially when it comes to the forces that affect buying and selling. Caltech economist Marina Agranov shares this fascination. In a new study, Agranov sought to understand how emotions such as guilt and disappointment might influence the decisions of buyers and sellers.
Is competition good for trade? Study explores how guilt and disappointment shape decision-making
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