Ken walks into an ice-cream parlor. Waiter: We have vanilla and chocolate today. Ken: Ill take vanilla.

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Ken walks into an ice-cream parlor.
Waiter: “We have vanilla and chocolate today.”
Ken: “I’ll take vanilla.”
Waiter: “I almost forgot. We also have strawberry.”
Ken: “In that case, I’ll take chocolate.”
What standard property of decision making is Ken violating?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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