Q2: Identify 2-3 main issues addressed in the book. How do these issues impact human behavior?
1. Relativity: Relativity is one of the main issues which the author addressed. According to him, money is relative to the product it can buy. Specifically, a dollar valuation does not always fit the value of the product. If anything, humans don’t know the amount of money to pay for given item. Instead, they will compare different prices for different products before making the decision to buy a certain item.
2. The price of ownership: Unconsciously, the human being tend to think highly of the things in their possessions while devaluing the things that they don’t own. Therefore, they will feel as if they already possess the things they want to own before even possessing them.
3. The price of free: Although the businesses may appear to have lowered or provided free items to attract customers, these free items are actually not free but instead they have a hidden price. To recover the cost of free items, the businesses can double, triple or even sell at an original price while marketing it at a lower price.
Q3: What value does the book have for Public Health professionals?
The book is resourceful not only to other groups of people but also the Public health professionals who can learn several things. In the book, the author explains that most people make a decision aimed at protecting them from losing their hard-earned money. Using this knowledge, the healthcare professions can put in place policies such as the use of refundable fee for patients who show up for a checkup only. The overall effect will be an improved attendance.