Lots of people pay high fees to join a gym in early January, and then fail to

Question:

Lots of people pay high fees to join a gym in early January, and then fail to work out more than a few times. Does this evidence provide support for or against the sunk cost bias? Explain your reasoning.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

See More Books

Question Posted: Jan 13, 2016 02:48 AM

See More Questions

Considering the discussion of market efficiency from Chapter 6, discuss whether you should be willing to pay high fees to mutual fund investment managers.
Eastern University faces a shortage of parking spaces and charges for parking. For nearby parking (e. g., behind the business school), faculty and staff pay $ 180 per year. Parking in lots Z and B,...
In early January 2011, Reymont Corporation applied for a trade name, incurring legal costs of $18,000. In January 2012, Reymont incurred $7,800 of legal fees in a successful defense of its trade...
For the following project please follow the below guidelines unless otherwise stated by your instructor. Worth 20% of the total grade. Read and follow all instructions in order to receive full...
Access Enterprises is vetting four possible suppliers of an important raw material used in its production process, all offering different credit terms. The products offered by each supplier are...
Calculate (3.984375 10 - 1 + 3.4375 10 -1 ) + 1.771 10 3 by hand, assuming each of the values are stored in the 16-bit half precision format described in Exercise 3.27 (and also described in the...
In a certain state lottery, people select eight numbers in advance of a random drawing of six numbers. If someone's selections include the six drawn, they receive a large prize, but this prize is...
Gate City Cycles had trouble collecting its account receivable from Sue Ann Noel. On June 19, 2012, Gate City finally wrote off Noels $700 account receivable. Gate City turned the account over to an...
Executive SummaryBrief background on the Nike business and their social media efforts, their Competitor Analysis.
Matilda is downloading music and videos from an online site. She is currently buying three music downloads that cost $3 each and two video downloads that also cost $3 each. The table below indicates...
Connor and Marie are in a relationship with one another, a relationship punctuated by constant bickering and mistrust. "Connor," Marie's friends tell her, "is a jerk. Why on earth don't you leave...
In a recent survey, two-thirds of respondents indicated that they were not saving enough for retirement. What behavioral bias can explain the willingness of individuals to knowingly underfund their...
Johnson Marine manufactures marine radios in three models-the 1600 model for the small boat enthusiast who will not venture far from shore, and the 2400 and 3600 models for the those with the need...
Credit card abuse has become a billion dollar industry in the United States. Discuss your use in both secure and non-secure sites on the Internet, over the telephone, and in various stores. How easy...
Explain how buyers and sellers factor into setting the stock price for a company's shares. Explain brielfy with the help of examples.
The last investment option for BIC is a run-down building on 1 acre of land called Crystal Estates. They expect to rent the building as a storage facility, which will yield an NOI of $105,000 next...
Suppose an international conflict results in a jump in the price of oil. The jump causes investors to raise their expected rate of inflation, and the risk-free rate increases from 3.0 to 4.0 percent...
What is Intel Corporation's firm Position - you need to document the position of the firm within the context of the industry based on news reports, management discussion as well as analysts' reports...
A growing number of preemployment tests simulate a jobs functions and are being conducted with software. You can liken them to video games but within a work setting. Toyota, Starbucks, and the paint...
As economic conditions change, how do banks adjust their asset portfolio?
Consider a small country that exports steel. Suppose that a pro-trade government decides to subsidize the export of steel by paying a certain amount for each ton sold abroad. How does this export...
Give an example of a negative externality and an example of a positive externality.
Consider two ways to protect your car from theft. The Club (a steering wheel lock) makes it difficult for a car thief to take your car. Lojack (a tracking system) makes it easier for the police to...
. For each of these relations, write down all functional dependencies. If there are no functional dependencies among attributes, you must state so. Do not write down trivial functional dependencies,...
and b = 3. 7.3a=2*b 8.(5-a)*b <7 9.b
What diameter of vertical tube would allow mayonnaise (= 1,200 kg/m3) to flow under its own weight?

Lots of people pay high fees to join a gym in early January, and then fail to

Question:

Step by Step Answer:

Hoping to exercise more is evidence of overconfidence Thus the behavior in the first st...View the full answer

Microeconomics

Students also viewed these Economics questions