behavioral economics

Why $100 Today Isn’t $100 Tomorrow: Exploring Money Illusion

Imagine this: You get a 5% raise at work. Excited, you start planning for a new gadget or a few extra dinners out. But when the bills roll in, you notice something strange—your money doesn’t seem to go as far as you thought. What’s going on? Welcome…

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Unpacking Consumer Economic Theory: How We Make Choices with Limited Resources"

Consumer economic theory lies at the heart of economics, explaining how individuals or households make decisions to allocate their limited resources, such as money and time. These choices revolve around consumption, savings, and investment, shaped b…

Life with the Love
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