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Ines owes $1000 on her credit card. She is currently setting aside $50 per month to pay it off. She wins $600 playing blackjack. Instead
Ines owes $1000 on her credit card. She is currently setting aside $50 per month to pay it off. She wins $600 playing blackjack. Instead of paying off her credit card faster, she buys a new gaming system. Why is this choice considered economically irrational? Question 45 options: Because spending money on video games is unproductive. She should spend money on something that will increase her future wealth. Because it is unwise to carry any debt. She will have less money in the future. Because winning money via gambling is risky. She is more likely to lose money than to win money. Because her preferences appear inconsistent. She should spend her money on what she values most, not bounce between debt reduction and the new game
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