Business, 24.04.2020 18:27 Davidbg23

Indicate whether each of the following examples of behavior is consistent with the way traditional economic framework suggests people should act, or if it is reserved for behavioral economists to examine.
Example Consistent with the Predictions of Traditional Economic Models Reserved for Behavioral Economics
a. Some people sacrifice disposable income to help their children pay for college.
b. Some people treat $100 they earn differently from $100 they win in a random drawing.
c. Some people would turn down a new, higher-paying job if it meant spending less time with their family.
d. Some people would prefer to spend an hour doing a task tomorrow to half an hour doing a task today, even if the opportunity cost of their time is the same in both cases.

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Indicate whether each of the following examples of behavior is consistent with the way traditional e...

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