How to spend unexpected additional revenue in a city

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Behavioral economics. In private transactions, bounded rationality means that the individual only considers a limited number of choices-a few makes and models of cars, for example. How might bounded rationality come into play in voting for public officials? In deciding how to spend unexpected additional revenue in a city? Whose job is it to narrow the choices that are presented to voters or city officials?

Reference no: EM131204744

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