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Keywords: Melioration
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Journal Articles
Journal:
Review of Behavioral Economics
Review of Behavioral Economics 1–22.
Published: 15 June 2026
... environments. This paper presents an experiment based on incremental production decisions, intended to evaluate marginal thinking and psychological biases like “melioration” that result from comparisons of averages. The structures of the production functions for alternative products (“Green Eggs” and “Ham...
