Comprehensive coverage on the concept of anomalies, covering its historical context, types, and significance in various fields like Finance, Science, and Technology.
Anomalies are economic choices that cannot be explained by standard choice theory based on the axioms of preference. The identification of anomalies has led to the development of behavioural economics and the rejection of expected utility theory.
An observation point that is distant from other observations in the data set. Discover the definition, types, special considerations, examples, historical context, applicability, comparisons, related terms, FAQs, references, and more.
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