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How would guests behavior be likely to differ at a BYOB party and one at which the host provides the drinks? Explain

Sagot :

Answer:

They are more likely to be responsible in their drinking considering the source of the money used in buying the drinks.

Explanation:

Michael Thaler, in his Mental Accounting theory proposed that people tend to treat money differently depending on its source. This is also known as the fungibility of money. Money perceived as gifts are most likely to be treated recklessly compared to money that the user attaches importance to, and that they sweated for.

Reasoning in this line, guests at a Bring your own bottle party are most likely to be responsible in their drinking habits, recognizing the source of the drinks unlike when the host provides free drinks and they can afford to drink as they like.