- Watch this clip. (The instructor predicts that you will laugh.) Is the monkey that rejects cucumber rational?
- 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.
- Watch the 60-second lesson beginning @ 5:30 to learn about Rational Choice Theory
- Watch this humorous clip from Jerry McGuire. What motivates the football player?
- Watch this clip from the Stand Up Economist @ 2:35. It mocks the principle that people are rational.
A collaborative blog for Principles of Microeconomics taught by Edward Millner @ Virginia Commonwealth University.
Thursday, January 21, 2016
Optional material for Choice
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment