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Which of the following actions may be explained by the law of small numbers?

corie

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Posts: 767

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6 years ago

Which of the following actions may be explained by the law of small numbers?

Which of the following actions may be explained by the law of small numbers?
A) People buy lottery tickets.
B) People buy air travel insurance.
C) People purchase extended or long-term warranties or maintenance contracts for new automobiles and appliances.
D) all of the above

Textbook

Microeconomics

Microeconomics

Edition: 8^th

Author: Pindyck

Read 57 times

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Bart_arg

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#1

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corie Author

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6 years ago

this is exactly what I needed

annielin111

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You make an excellent tutor!

annielin111

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Good timing, thanks!

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