Consider 2 people: Jonathon already purchased a non-refundable ticket to a tournament basketball game in a town 100 miles away. Haruka, who also lives 100 miles from the game, intends to go to the game and received a free ticket. On the night of the game, a blizzard is forecasted for the region. a. Who is more likely to go to the game? b. Is this rational? C. What decision-making bias does this problem illustrate?

Consider 2 people: Jonathon already purchased a non-refundable ticket to a tournament basketball game in a town 100 miles away. Haruka, who also lives 100 miles from the game, intends to go to the game and received a free ticket. On the night of the game, a blizzard is forecasted for the region. a. Who is more likely to go to the game? b. Is this rational? C. What decision-making bias does this problem illustrate?

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter6: Population Health

Section: Chapter Questions

Problem 8QAP

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