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The journalist may suffer from misconceptions, but the version of the experiment to which these results apply was conducted so that the transaction costs were e
by waqf 4y ago
The journalist may suffer from misconceptions, but the version of the experiment to which these results apply was conducted so that the transaction costs were equal in either case (source:
https://people.duke.edu/~dandan/webfiles/PapersPI/Zero%20as%20a%20Special%20Price.pdf https://people.duke.edu/~dandan/webfiles/PapersPI/Zero%20as%..., see Experiment 3).
> Well obviously, I'm getting a free thing as a no-brainer, and then I also decide whether I want the paid thing or not.
Not permitted. If you take the "free" chocolate they will not sell you the fancy one at any price. It is not obvious how people behave under that circumstance.
- thriftwy 4y agoThen the hershi candy is not free neither the paid option costs 13c. There's an opportunity cost already baked in both prices, if taking one option prevents you from the other one. It can be translated into $$ Now I also know they don't understand how trade works. Which puts them either under 5 yo or before 5000 BCE