Problem
1. Name two advantages and two disadvantages of the behavioral model.
2. In a recent study, when asked to choose between an iPod and $100, people were more likely to choose the money. But when they were given an iPod and then asked if they would trade it for $100, they were more likely to choose the iPod.
a. What effect does this reflect?
b. Is this behavior rational?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.