Behavioural economics Behavioural economists focus on situations where people be

Question

Behavioural economics Behavioural economists focus on situations where people behave differently from how the traditional economic framework suggests they should. Which of the following are examples of this? Check all that apply. If pens are priced at $1.99 and $4.00, people are more likely to purchase the cheaper pen, whereas if pens are priced at $2.00 and $3.99, people are more likely to purchase the dearer pen. Some people would choose to spend 90 minutes completing a task tomorrow rather than 80 minutes completing it today, yet would choose to spend 80 minutes completing the task 50 days from now rather than spend 90 minutes completing it 51 days from now. Some people would be willing to make a large sacrifice in order to help a loved one. There are people who pursue a degree in theatre rather than engineering, even though engineering careers are usually much higher-paying.

Explanation / Answer

option A is right

here people will measuer each result or output interms of currency, without measuring it they can not decides what should perform and what should skip

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