What is the attribution effect?
A) Deciding on an option because we believe its value will increase over time
B) The tendency for humans to assume that an object has more value simply because we own it
C) The tendency for humans to assume that bad decisions made by ourselves are due to situational factors, whereas bad decisions made by others are due to character defects
D) Believing that other people act irrationally whilst our own choices are rational
Correct Answer:
Verified
Q4: If you are told that your name
Q5: Prospect theory is much better than rational
Q6: What is the endowment effect?
A)People feel that
Q7: When people chose smaller, immediate rewards over
Q8: Animals that eat food that is harder
Q10: Neuroimaging studies on decision making show that
Q11: Subjects in experiments involving choosing smaller, immediate
Q12: Activation in the ventral striatum is correlated
Q13: The point of indifference for your laptop
Q14: The subjective vale of an item is:
A)The
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