Question: Explain why the following reactions might reflect some deviation from rationality. a. After a widely reported earthquake in California, many people call their insurance company

Explain why the following reactions might reflect some deviation from rationality.
a. After a widely reported earthquake in California, many people call their insurance company to apply for earthquake insurance.
b. In January, many fitness clubs offer special annual membership fees to attract customers who have made New Year’s resolutions to exercise more. Even when these memberships are costly, many of these new customers seldom visit the gym to work out.

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