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Watch the attached EDPUZZLE VIDEO and help answer the following questions. How did ticket price affect their thinking about the concert? Why was this irrational?

Watch the attached EDPUZZLE VIDEO and help answer the following questions.

  1. How did ticket price affect their thinking about the concert? Why was this irrational?

  1. Why was the woman willing to drive to buy the shoes, but not the dress? Why was this irrational?

  1. Describe a situation when you might make an irrational value decision like in the "Edpuzzle: How Economists Think Differently From Other Humans" video?

https://edpuzzle.com/media/5d6565e4907b8e40f782edd7

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