Question: The Rosen-Roback model tells us that if two locations inside a single city are such that consumer amenities are better in location A than location

The Rosen-Roback model tells us that if two locations inside a single city are such that consumer amenities are better in location A than location B, then the wages of people who live in A will be lower than wages for those who live in B

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.