1. Suppose you were the owner of a small business and were asked the maximum you would be willing to pay in order to attend a course in the traditional theory of rational choice. In which case would your answer be larger: (1) if it were known that people always behave in strict accordance with the predictions of rational choice theory; or (2)

if it were known that people’s behavior, yours included, often departs systematically from the predictions of rational choice theory?