The band Pearl Jam decided not to book any concerts through Ticketmaster as an objection to the virtual monopoly Ticketmaster had on the industry. Initial strong public support was followed by fewer concerts, lower revenues, reduced exposure, and more hassles for the band. In retrospect, the band's decision seems to have

Question

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Discounting the future is a bias weighting short-term costs and benefits more heavily than longer-term costs and benefits. Here the band made short-term headlines and had strong public support, but this was followed by long-term difficulties because of realities in the market.

The Band Pearl Jam Decided Not to Book Any Concerts