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Shitload of Money - Liz Phair
It's nice to be liked
Liz Phair claims, if given the chance, individuals would wish for money. Why might money be the best gift one can give (hint)? If individuals can maximize utility with respect to income better than anyone else acting on his/her behalf, why are non-monetary gifts ever given?
Why don’t the presumed actions of the artist’s friends line up with what they say or “the way they see it”? In the real world, why might individuals hide their true preferences? Give examples.
[Will Luther assisted with this assignment.]