Would people pay for useless information?

• Main Author: Loo, Shi Mei.
• Other Authors: School of Humanities and Social Sciences
• Format: Final Year Project
• Language: English
• Published: 2012
• Subjects: DRNTU::Humanities
• Online Access: http://hdl.handle.net/10356/48852
• Institution: Nanyang Technological University

The purpose of this paper is to highlight the differences between traditional Economic model and modern Economic model by proposing a method that distinguishes the behavior of people, whether they are rational or irrational in thinking. In this paper, we carried out two experiments specifically...