Determine who is more likely to attend the game

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Reference no: EM13214207

You and your friend Joe have identical tastes. At 2 p.m., you go to the local Ticket master outlet and buy a $30 ticket to a basketball game to be played that night in Syracuse, 50 miles north of your home in Ithaca. Joe plans to attend the same game, but because he cannot get to the Ticketmaster outlet, he plans to buy his ticket at the game. Tickets sold at the game cost only $25 because they carry no Ticketmaster surcharge. (Many people nonetheless pay the higher price at Ticketmaster, to be sure of getting good seats.) At 4 p.m., an unexpected snow- storm begins, making the prospect of the drive to Syracuse much less attractive than before (but assuring the availability of good seats). If both you and Joe are rational, is one of you more likely to attend the game than the other?

Reference no: EM13214207

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