Multiple Choice
Even though there is a nonzero probability that Fullington will have a serious and expensive medical issue requiring treatment in the next few years, he refuses to buy insurance. Which lesson from behavioral economics explains why he makes that choice?
A) bounded rationality
B) Consumers like choices but not too many.
C) People like fairness.
D) susceptibility to framing
Correct Answer:
Verified
Correct Answer:
Verified
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