Would people be willing to make a large sacrifice to help

Reference no: EM13213581

Behavioral economists believe that people do not always act in ways the traditional economic framework suggests they should

which of the following are examples of this? check all that apply

1.Some people would be willing to make a large sacrifice to help a loved one.

2.Some people treat $75 they earn differently from $75 they receive as a gift

3. Kevin decides to go to an opera because he does not want to waste the $100 he spent on the nonrefundable and nontransferable opear ticket, despite the fact that he would prefer to forgo the opera and go to a concert with Ana on the same night

4.Some people choose to work fewer hours after receiving a raise at work.

5.Charles decides to go to an operabecause he does not want to waste the $100 he spent on the nonrefundable and nontransferable opear ticket, despite the fact that he would prefer to forgo the opera and go to a concert with Bette on the same night.

6. People at all-you-eat restaurant eventually leave, even though they could continue eating for free

Reference no: EM13213581

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