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Jack paid $ 7 for a ticket to see a movie that lasts 1 4 0 minutes. He thought he would like the movie, but
Jack paid $ for a ticket to see a movie that lasts minutes. He thought he would like the movie, but minutes into it he realizes that he does not enjoy it at all. Jack still decides to stay until the end of the movie to get his moneys worth. Has Jack made a rational economic decision?
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No he should leave because the value of the movie to him is lower than the price he paid for it
Yes, he should stay to get his moneys worth.
No he is committing a sunk cost fallacy.
Yes, because if he left, hed lose $ out of the $ he paid for the ticket.
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