Decisions | Economics homework help

 

Respond to the following in a total of 175 words combined: 

  • People may make bad decisions because they fail to compare the relevant costs and benefits. Do you agree? Provide an example of when you made a bad decision, and an example of when you made a good decision. Did you compare the relevant costs and benefits?
  • Discuss an example of behavior you have observed that could be described as “smart for one but dumb for all.”