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The term "intuition-based judgment" as applied to the example of a patch of lily pads doubling in size each day refers to:
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the effect of health insurance on individual and household consumption decisions.
the limitations that cognitive bias in the brain places on economic decision making.
a preference reversal that depends on whether an outcome is presented as risk-averse or risk-seeking.
the effect of fast versus slow cognitive systems in the brain on health behaviors.
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