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Wilhelm Hofmann1, Hiroki Kotabe
1Booth School of Business, University of Chicago, Chicago, IL 60637. wilhelm.hofmann@chicagobooth.edu http://faculty.chicagobooth.edu/wilhelm.hofmann/ hkotabe@chicagobooth.edu http://home.uchicago.edu/~hkotabe/
Effort can be viewed as a cost influencing decision-making utility, not just an outcome. This cost
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