Irrationally Rational

Ten Nobel Laureates Script the Story of Behavioural Economics

V. Raghunathan (Autor)

Buch | Softcover

328 Seiten

2022
Penguin (Verlag)
978-0-14-345816-6 (ISBN)

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You and your friend each have flights to catch at 8 p.m. and your destination cities are different. You decide to share a cab, but get caught in a rare traffic jam lasting several hours. You end up at the airport around midnight, and surely enough, both of you miss your flights. All quantifiable consequences of missing the flights-cost of tickets cancellation, paying for a new ticket, taking a cab back to the city, overnight stay, taking a cab back to the airport next morning, etc.-are expectedly identical for both. Now suppose the airline assistant tells you, 'Sorry, your flight left as scheduled at 8 p.m. sharp.' But your friend is told, 'Oh, how very unfortunate. Your flight was almost four hours late and only just departed!' Who feels the greater disappointment? You or your friend?

Erscheinungsdatum	28.07.2022
Sprache	englisch
Maße	219 x 276 mm
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
ISBN-10	0-14-345816-7 / 0143458167
ISBN-13	978-0-14-345816-6 / 9780143458166
Zustand	Neuware