According to the Rational Choice Model Which of These Two

question 26

Multiple Choice

According to the rational choice model which of these two events should be valued more by rational consumers: 1: gift of mug valued at $10, 2: finding the mug you thought was lost, which cost you $10 to purchase.

• A)Both events should have the same value.
• B)Event A
• C)Event B
• D)There is really no way to rationally decide.

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Definitions:

Optimists

Individuals who generally expect positive outcomes and focus on the most hopeful aspects of situations.

Obtain Similar Goals

The process of aiming for and achieving objectives that closely match or align with one's desires or aspirations.

Energizing Emotions

Emotions that motivate or drive an individual towards action, often associated with positive feelings like enthusiasm or excitement.

Extraversion

A personality trait characterized by outgoingness, sociability, and a high level of activity; individuals high in extraversion tend to seek stimulation and the company of others.