Question

Bill and Joe live in Ithaca, New York. At 2 pm, Bill goes to the local Ticketmaster and buys a $30 ticket to a basketball game to be played that night in Syracuse (50 miles north). Joe plans to attend the same game, but doesn’t purchase his ticket in advance because he knows from experience that it is always possible to buy just as good a seat at the arena. At 4 pm, a heavy, unexpected snowstorm begins, making the prospect of the drive to Syracuse much less attractive than before. If both Bill and Joe have the same tastes and are rational, is one of them more likely to attend the game than the other? If so, say who and explain why. If not, explain why not.



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  • CreatedDecember 12, 2014
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