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Unformatted text preview: our mood, subjective interpretations, environment, deadlines, random fluctuations, and many other nonstable characteristics. Experts are likely to be affected by certain biases triggered by specific cases. People are much better at selecting and coding information than integrating the information. Experts use the underlying policy while avoiding their random error....
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This note was uploaded on 10/06/2011 for the course ECON 101 taught by Professor Smith during the Spring '11 term at University of Arkansas – Fort Smith.
- Spring '11