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This can be an example of an economic decision in the real world, because when there is a recession or crisis, it affects our behavior and most people take on a different mindset and try to conserve more. People act this way because they unintentionally weigh their decisions using the concept of marginal costs and benefits...
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People act this way because they unintentionally weigh their decisions using the concept of marginal costs and benefits. This concept says that a choice is based on the expected marginal benefit and the expected marginal cost of the action under consideration, and people as rational decision makers will change their decisions as long as the benefit from the change will exceed the cost...
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