News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Choosing Less a Form of Protection, Says New Study on Decision-Making, University of Toronto Study


4/3/2013 11:53:42 AM

Imagine you have a choice to make. In one scenario, you'd get $8 and somebody else -- a stranger -- would get $8 too. In the other, you'd get $10; the stranger would get $12. Economists typically assume you'd go for the $10/$12 option because of the belief that people try to maximize their own gains. Choosing the other scenario would just be irrational.

Read at ScienceDaily

comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES