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Name two advantages and two disadvantages of the behavioral model In a recent study, when asked to choose between an iPod and $100 people were more likely to choose the money But when they

 Name two advantages and two disadvantages of the behavioral model.

2. In a recent study, when asked to choose between an iPod and $100, people were more likely to choose the money. But when they were given an iPod and then asked if they would trade it for $100, they were more likely to choose the iPod.

a. What effect does this reflect?

b. Is this behavior rational?

Apr 24 2020 View more View Less

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