People contribute to disaster relief even when they do not personally know anyone who has been affected by the disaster. What psychological factor associated with behavioral economics explains this behavior?
A) framing bias
B) altruism
C) sunk cost fallacy
D) overconfidence

Question

Quizplus · Accepted Answer

Altruism explains this behavior as it involves selflessly helping others without expecting anything in return, which aligns with contributing to disaster relief for people one does not know.

People Contribute to Disaster Relief Even When They Do Not