Multiple Choice
Suppose one group of people is asked to imagine that, having previously purchased a ticket for $10, they arrive at the theater to discover they have lost their ticket, and a second group of people is asked to imagine that they arrive just before the performance to buy a ticket and find they have lost $10 from their wallets. According to the rational choice model, which group should be more likely to say they would still attend the performance?
A) The lost ticket group
B) The lost $10 group
C) Both groups should be equally likely to say they would attend.
D) Neither group should be interested in attending the performance.
Correct Answer:
Verified
Correct Answer:
Verified
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