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Irrationally Rational Ten Nobel Laureates Script the Story of Behavioural Economics
by [RAGHUNATHAN, V.]
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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?
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Product Details
- Penguin Random House Indi Brand
- Jul 24, 2022 Pub Date:
- 9780143458166 ISBN-13:
- 0143458167 ISBN-10:
- 328.0 pages Paperback
- English Language
- 11 in * 0.7 in * 8.62 in Dimensions:
- 1 lb Weight:
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