Kylie wins two free passes to the symphony from a raffle. She has never been to the symphony before and would probably not buy these tickets for their face value of $120. Regardless, Kylie decides to use the tickets rather than sell them at face value. This type of behavior is:
A) irrational, because Kylie would not pay $120 for the tickets yet gives up $120 by not selling them.
B) rational, because Kylie can experience the symphony for the first time without having to pay for it.
C) irrational, because Kylie ignores the sunk cost of $120.
D) rational, because Kyle does not ignore the sunk cost of $120.
Correct Answer:
Verified
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