(ii) A real estate agent wants to sell an apartment with 2,000 square feet that costs $1000 per month. A prospective buyer is indifferent between this apartment and another apartment with 1,500 square feet that costs $750 per month. The agent shows the prospective buyer a third apartment with 1,800 square feet that costs $1,250 per month, hoping that will persuade the buyer to purchase the 2,000 square foot apartment. What behavioral anomaly does this scenario illustrate? (ii) When signing up for a membership at a website, many companies check the box for you that reads "Please send me updates on future deals and products." They think that by checking this box, you are more likely to agree to receive updates then if the box was not checked and you had to check it yourself. What behavioral anomaly does this scenario illustrate?
(ii) A real estate agent wants to sell an apartment with 2,000 square feet that costs $1000 per month. A prospective buyer is indifferent between this apartment and another apartment with 1,500 square feet that costs $750 per month. The agent shows the prospective buyer a third apartment with 1,800 square feet that costs $1,250 per month, hoping that will persuade the buyer to purchase the 2,000 square foot apartment. What behavioral anomaly does this scenario illustrate? (ii) When signing up for a membership at a website, many companies check the box for you that reads "Please send me updates on future deals and products." They think that by checking this box, you are more likely to agree to receive updates then if the box was not checked and you had to check it yourself. What behavioral anomaly does this scenario illustrate?
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Transcribed Image Text:(ii)
A real estate agent wants to sell an apartment with 2,000 square feet that costs $1000 per month. A
prospective buyer is indifferent between this apartment and another apartment with 1,500 square feet that
costs $750 per month. The agent shows the prospective buyer a third apartment with 1,800 square feet that
costs $1,250 per month, hoping that will persuade the buyer to purchase the 2,000 square foot apartment.
What behavioral anomaly does this scenario illustrate?
(ii)
When signing up for a membership at a website, many companies check the box for you that reads "Please
send me updates on future deals and products." They think that by checking this box, you are more likely to
agree to receive updates then if the box was not checked and you had to check it yourself.
What behavioral anomaly does this scenario illustrate?
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