An article in the October 15, 2005, edition of the Wall Street Journal described the popularity with New York lawyers and stock brokers of a new gym that hires ex-Marines as fitness trainers.The gym is run with a boot camp motif.Which of the following behavioral economic concepts would help explain the existence of this gym?
A) Time inconsistency between desires when purchasing gym membership and desires when it is time to work out
B) The effect of spurious information on decision making
C) Increasing the cost of deviating from self control
D) Positive framing
E) a.and c.
Correct Answer:
Verified
Q3: People who have recently become unemployed often
Q4: In practice, people tend to accept too
Q5: If a coin is tossed, and the
Q6: In the movie The Hunt for Red
Q7: The following statement is a defense of
Q9: Using lessons learned from behavioral economists, which
Q10: People find it easier to commit to
Q11: Nash equilibria can be used to make
Q12: Deb plans and prepares her meals 1
Q13: If a tennis player were truly randomizing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents