The decision to give a birthday present to a friend is:
A.an example of decision making using bounded rationality.
B.an example of behavior based on risk aversion.
C.a rational decision if the person giving the gift is concerned about the recipient's welfare.
D.an irrational economic decision because it reduces the economic payoff of the tipper.

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The Answer of The decision to give a birthday present to a friend is:
A.an example of decision making using bounded rationality.
B.an example of behavior based on risk aversion.
C.a rational decision if the person giving the gift is concerned about the recipient's welfare.
D.an irrational economic decision because it reduces the economic payoff of the tipper.

The Decision to Give a Birthday Present to a Friend