Jessica's workplace provides coffee in the break room that all employees must contribute to monetarily.She has two options.She can either write a check for $50 once a year or have $1 automatically deducted from her paycheck each week (with an option to change plans at any time) .If Jessica continues to stay on the weekly plan,she is probably experiencing:
A) positive framing.
B) the endowment effect.
C) loss aversion.
D) status quo bias.
Correct Answer:
Verified
Q19: The implementation of choice architecture that alters
Q20: Status-quo bias is:
A)a type of mental barrier
Q21: Choice architects know that whether something feels
Q21: People's preferences about the present are _
Q22: In the arena of decision making,status-quo bias
Q23: An important category of bias in human
Q24: We're more likely to make mistakes with
Q25: When it's not clear how to translate
Q27: When we study choice architecture,we recognize that
Q28: Jim,an avid biker,broke his leg last year
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