Discuss why this experimental result is strange according


A real experiment was once carried out as follows:

Half the tables in an all-you-can-eat pizza restaurant were selected at random and refunded their entry fee. Customers in both groups could still eat as much pizza as they wanted. It was found that the group that did not receive the refund consumed substantially more pizza.

b) Discuss why this experimental result is strange according to basic economic theory.

Solution Preview :

Prepared by a verified Expert
Business Economics: Discuss why this experimental result is strange according
Reference No:- TGS02391887

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)