What is the role of risk in decision-making


Problem

1. How can economists explain irrational behavior?

2. What is the role of risk in decision- making?

3. How does game theory explain strategic behavior?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the role of risk in decision-making
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