Which of the following examples are used as evidence favoring the bounded rationality ?assumption?
A. When purchasing electric appliances such as?refrigerators, people sometimes buy the? lowest priced, energy-inefficient models even though the price savings often fail to compensate for higher future energy costs.
B. People who live in? earth quake or? flood-prone regions commonly purchase insurance against these events.
C. When purchasing electric appliances such as? refrigerators, people sometimes buy the? highest-priced models with expensive and extravagant features.
D. All of the above.