Sebastian is a negotiator for a large retail chain. During a negotiation for the best rate on pants, he gets into a heated argument with a supplier. Even though this supplier provides the highest quality, lowest cost pants, Sebastian refuses to do business with them and buys the pants for a more expensive rate elsewhere. What does this exemplify

Question

Quizplus · Accepted Answer

Sebastian's decision to refuse to do business with the supplier despite them offering the highest quality, lowest cost pants is an example of irrational economic thinking. He let his emotions and personal biases affect his decision-making process rather than making an objective decision based on facts and logic.

Sebastian Is a Negotiator for a Large Retail Chain