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A neuro-economist explains the latte dilemma: Are you really gonna pay $4 for coffee?
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1. What is a neuro-economist?
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2. How did Brian Knutson, a psychology and neuroscience professor at Stanford University, setup his study on decsion making and the brain?
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3. What happens in the brain when consumers decide to make a purchase or not?
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4. Are we rational like economics teaches or not? “We got a metric that economists call consumer surplus, but I like to call it bargain-versus-ripoff,”
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5. How does this story connect with our classwork? How is it related?
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