You walk into your local grocery store and see two packages of ground beef that are identical aside from their labeling. One is labeled “80% lean,” and the other is labeled “20% fat.” Which package...


You walk into your local grocery store and see two packages of ground beef that are identical aside from their labeling. One is labeled “80% lean,” and the other is labeled “20% fat.” Which package are you more likely to buy, and what behavioral economic concept does this example illustrate?



May 22, 2022
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