Economics 1st Edition by Dean Karlan,Jonathan Morduch

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Muriel likes her job, but her boss gives lousy bonuses. Muriel was recently offered a new job with better rewards, and her friend wants to know if she intends to take it. "It depends on whether the bonus this year is generous. Let's wait and see. We'll find out next week." Explain why Muriel is likely to be accepting the new job. How could she improve her strategy if she wants to stay at her current job and be better rewarded?