ECO 561 Wk 1 Discussion – Decision Making and Buyer Behavior

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ECO 561 Wk 1 Discussion – Decision Making and Buyer Behavior
ECO 561 Wk 1 Discussion – Decision Making and Buyer Behavior
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ECO 561 Wk 1 Discussion – Decision Making and Buyer Behavior

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Monday

Respond to the following in a minimum of 175 words:

  • 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.”

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.