Ethics Chapter 4 assignment.docx - Maralina Conner Ethics Chapter 4 Chapter 4 Exercises 7 8 7 The utilitarian test is the one where rational choice must

Ethics Chapter 4 assignment.docx - Maralina Conner Ethics...

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Maralina Conner Ethics Chapter 4 February 21, 2018 Chapter 4 Exercises 7 & 8 7. The utilitarian test is the one where rational choice must be made which must maximize the utility; they are subject to other conditions for rationality. The salesperson Juan and the car buyer Joe came to an agreement where Joe was interested in buying a car at the dealership in exchange for his car. Joe is in a dilemma being he was getting the exchange value for his car which is a little less than what he had believed. Juan offered Joe a lunch voucher and asked him to have lunch and think about the agreement. During lunch, Joe had decided to purchase the car, but while his returning to the dealership, he was in a minor accident, in which the car suffered some minor damage. Joe, because the cost was so small, had thought about hiding the crash from the dealership. The flaw in the refutation made by Joe is that he met with the accident and due to which the body of the vehicle has damage, or it does not matter. The thing
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  • Fall '16
  • Economics, Bounded rationality, Homo economicus

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