A person cutting up her credit cards in an effort to curb her spending is an example of:
A) status quo bias.
B) a commitment device.
C) the endowment effect.
D) loss aversion.
Correct Answer:
Verified
Q40: A store is choosing between advertising a
Q41: Commitment devices can be:
A) a tool to
Q42: The Save More Tomorrow (SMarT)program is an
Q43: Commitment devices are:
A) methods to increase the
Q44: A person setting up automatic deductions through
Q45: A heuristic is a:
A)positive-framing method.
B)mental shortcut that
Q47: Commitment devices can be:
A) a way to
Q48: Susie doesn't buy ice cream this week
Q49: Jessica's workplace is collecting money for a
Q50: A person committing to carpool with a
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