Economics 1st Edition by Dean Karlan,Jonathan Morduch

تمرين 11

Label each of the following examples as a case of time inconsistency, limited processing capacity, statusquo bias, or framing.
a. A person buys a nice bottle of wine for $50 and leaves it in the pantry for 20 years. At that point, the wine has aged and the value has appreciated to $250. Although he would never be willing to buy a bottle of the same wine for $250, the person plans to drink his old bottle rather than sell it.
b. Every night, a person sets her alarm for 7 a.m. the next morning, and every morning, she hits the snooze button at least four times.
c. People who are told the survival rate for a surgical procedure are more likely to undergo it than people who are told the death rate (even though the death rate is actually the same in both cases).