A person who is more willing to throw away a shirt that cost $20 than one that cost $200 is
A) Dynamically inconsistent
B) Dynamically consistent
C) Suffers from the sunk cost fallacy
D) Exhibiting a present bias
Correct Answer:
Verified
Q26: Pre commitment is
A) A solution for dynamic
Q27: Loss aversion occurs when
A) The consumer's valuation
Q28: Projection bias
A) Is the tendency to evaluate
Q29: A person is dynamically inconsistent if
A) Lapses
Q30: A dieter who prefers to eat small
Q32: Gabby flips a fair coin and it
Q33: Suppose Hillary was offered the following choices:
Q35: A person is dynamically inconsistent if
A) Lapses
Q36: Gabby flips a fair coin and it
Q57: Prospect theory was proposed by:
A) John Nash.
B)
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