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The Journal of Economic Education Volume 19, 1988 - Issue 3
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Research in Economic Education

The Impact of Perceived Familiarity and Perceived Importance on Economic Reasoning in Time-Allocation Decisions

James D. LaneyNorth Texas State University
Pages 209-216 | Published online: 14 Jul 2014
 
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Abstract

Is rational-choice behavior a natural independent decision-making process or is it called upon only with sufficient information and training? Laney tests this proposition among high school seniors.

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