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disutility |
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| Tversky and Kahneman (1986) also observed that people derive more disutility from a loss than they derive utility from an equivalent amount of gain. 46) But Gray reminds us, "tactical excellence in the conduct of special operations is no guarantee of strategic effectiveness," (47) and that there is always the potential strategic disutility of special operations as well. Accounting for the disutility of the rise in labor effort, welfare increases about 2 1/2 percent. |
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