When people behave in a risky fashion because of a high cost of compliance, they are demonstrating:
A) the anchoring heuristics
B) the framing effect
C) the sunk cost bias
D) the as-if heuristic

Question

Quizplus · Accepted Answer

The framing effect occurs when people make decisions based on the way information is presented, rather than just on the facts themselves. In this case, the high cost of compliance is framed as a significant loss or burden, leading individuals to take risks they might not otherwise consider, as they try to avoid or minimize the perceived loss.

When People Behave in a Risky Fashion Because of a High