Multiple Choice
The story in the text at the beginning of this chapter about playing tennis outside even though you paid for an inside court.This story illustrates which if the following?
A) Psychologically, people often do not treat sunk cost as irrelevant to a decision
B) Rational choice analysis is what comes naturally to most people
C) People will make efficient decisions without knowing what they are doing
D) All of the above are implied by the tennis court story
Correct Answer:
Verified
Correct Answer:
Verified
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