1) Highlight literature indicating use of behavioral strategies in decision making processes by CEO’s or Boards has made a differences in corporate…
September 3, 2020
College students living off-campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese.
September 3, 2020

Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $500 for the coverage they need. Their insurance company offers a discount of 6 percent if they install dead-bolt locks on all exterior doors. The couple can also receive a discount of 3 percent if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $72 each. At the local hardware store, smoke detectors cost $13 each, and the new house has two floors. Dave and Ellen can install them themselves.

a. What discount will Dave and Ellen receive if they install the dead-bolt locks?

b. What discount will Dave and Ellen receive if they install smoke detectors?

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