Thursday, January 21, 2016

Optional material for Choice



  1. Watch this clip.  (The instructor predicts that you will laugh.) Is the monkey that rejects cucumber rational?
  2. Watch this clip. It shows a consumer considering whether to pay a higher price to buy American. The marginal benefit is obtaining a US-made product instead of one made in India. The marginal cost is $212. It is a good example of making a decision by comparing the benefit and cost.
  3. Watch the 60-second lesson beginning @ 5:30 to learn about Rational Choice Theory
  4. Watch this humorous clip from Jerry McGuire. What motivates the football player?
  5. Watch this clip from the Stand Up Economist @ 2:35. It mocks the principle that people are rational.

No comments:

Post a Comment