Mental accounting, heuristics, and the second‐best: Solving the calculator‐jacket puzzle

<div><p>This paper conceives mental accounting along Kahneman's “mental economy,” specifically as a heuristic. This mental‐accounting‐as‐heuristic conception allows us to solve the calculator‐jacket puzzle. The opportunity cost of time is not constant but roughly varies with the var...

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Bibliographic Details
Main Author: Elias L. Khalil (20518877) (author)
Published: 2024
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