When Tversky and Khaneman asked one group of people to imagine that, having previously purchased a ticket for $10, they arrive at the theater to discover they have lost their ticket and a second group to imagine that they arrive just before the performance to buy a ticket and find they have lost $10 from their wallets, they found that people in the lost ticket group were more likely to say they would ________ the performance, even though the rational choice model predicts that people in ________.
A)still attend; the lost $10 group should be more likely to say they would still attend
B)still attend; both groups should be equally likely to say they would still attend
C)no longer attend; the lost $10 group should be more likely to say they would no longer attend
D)no longer attend; both groups should be equally likely to say they would still attend

Question

Quizplus · Accepted Answer

Tversky and Khaneman found that people in the lost-ticket group were more likely to say that they would no longer attend the performance. For both groups, however, the cost of attending would be $10, so the rational choice model predicts that both groups should be equally likely to say they would attend.

When Tversky and Khaneman Asked One Group of People to Imagine