Write a short essay (less than one page) analyzing critically one of the anomalies which are dealt with by R. H. FRANK in “Cognitive Limitations and Consumer Behavior” (Ch. 8 of
Microeconomics and Behavior, McGraw-Hill, New York, 1991, pp. 226-50). Originality will be highly valued: you are advised to focus on real cases not discussed in the readings and/or to show new points of view in criticizing the analysis in the readings.