Lots of people pay high fees to join a gym in early January, and then fail to

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Lots of people pay high fees to join a gym in early January, and then fail to work out more than a few times. Does this evidence provide support for or against the sunk cost bias? Explain your reasoning.

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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Jan 13, 2016 02:48 AM

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Lots of people pay high fees to join a gym in early January, and then fail to

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Hoping to exercise more is evidence of overconfidence Thus the behavior in the first st...View the full answer

Microeconomics

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