Question: In planning your next vacation you have narrowed your choices

In planning your next vacation, you have narrowed your choices down to two packages offered by your travel agent, a week in Hawaii for $1200 or a week in Cancun for $900. You are indifferent between these choices. You see an ad in the travel section of the newspaper for a week in Hawaii, with accommodations identical to those offered by your agent, for $1300. According to the theory of rational choice, should the information in the newspaper ad influence your vacation plans? Explain.

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  • CreatedDecember 12, 2014
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