A community is given information on their energy consumption as well as the average consumption in their area. Which phenomenon occurs when an above-average consumers decrease their energy use, but below-average users increase their energy use?
A) The endowment effect
B) The nudging effect
C) The diffusion effect
D) The boomerang effect
Correct Answer:
Verified
Q10: _ occurs when individuals allocate assets into
Q11: _ is the tendency of individuals to
Q12: The concept of loss aversion predicts that
Q13: The endowment effect is the tendency for
Q14: The set of informal rules that a
Q16: Nudging happens when subtle cues are used
Q17: Providing healthy options that are easily available
Q18: A _ is a preselected option that
Q19: _ is the phenomenon whereby which exposure
Q20: What are the three major priming effects?
A)
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