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 behaviour, yours included, often departs systematically from the predictions of rational choice theory?

$(($Click to select$)$

$($Click to select$)$

Pay more if case $1$ were true

Pay more if case $2$ were true