Multiple Choice
The director of the school cafeteria discovers that students like chocolate chip cookies much better than molasses cookies.To sell the molasses cookies,she prices them at 25 cents each and continues to charge one dollar for the chocolate chip cookies.When students keep buying far more chocolate chip cookies,they are violating ________ theory,which is a ________ model of human decision making.
A) prospect; normative
B) expected utility; normative
C) prospect; descriptive
D) expected utility; descriptive
Correct Answer:
Verified
Correct Answer:
Verified
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