The prior subsection describes suboptimal race to exploit consumers’ biases and you can incomplete engagement
The prior subsection describes suboptimal race to exploit consumers’ biases and you can incomplete engagement Aggressive escalation paradigm However, agencies, for example consumers, are also susceptible to biases and heuristics. For the competitive setup-instance deals and you can putting in a bid wars-overconfidence and welfare can get trump need, leading members to help you overpay …