Sara is considering the purchase of a new car.Rational self-interest demands that she do an exhaustive research study to acquire every bit of information possible about her potential options.

Question

Quizplus · Accepted Answer

Rational self-interest involves weighing the costs and benefits of acquiring information, and there is a point where the cost of additional information outweighs its benefit, making exhaustive research impractical and unnecessary.

Sara Is Considering the Purchase of a New Car