Anna Nicole possesses a penthouse apartment on the top floor of Ivory Tower. She has the right to live in and use the apartment for life, then it passes to her deceased husband's heirs. The ownership interest is

What is meant by bounded rationality?

I leave the keys in my car when I am home. People routinely ride bicycles without wearing a helmt. What is the most likely explanation for these types of behavior? O The marginal cost of removing my keys from the car and the marginal cost of purchasing and wearing a helmt are lower than the respective marginal benefits O High discount rates cause people to value future costs and benefits too low O The marginal costs of removing my keys from the car or wearing a helmet are high O People mistakenly estimate the probability of low frequency events at zero

From your personal experience of when You have purchased a computer for the school year, describe each step you went through by addressing the 2 Factors affecting your Behaviour (cultural, social, personal and psychological) for each step. - be detailed and in first person Problem recognition stage Information search stage Evaluation of alternative stage Purchase decision stage Post-purchase behaviour