________ refer(s) to a decision bias influenced by the way in which a problem or decision alternative is phrased or presented.
A) Framing effects
B) Discounting the future
C) An illusion of control
D) Social realities
E) Time pressures

Question

Quizplus · Accepted Answer

Framing effects refer to how the same information presented in different ways can lead to different decisions or judgments. This bias is particularly strong when the choice is presented as a loss or gain. People tend to be more risk-seeking when presented with options framed as a loss, while they tend to be more risk-averse when presented with options framed as a gain. Thus, it is important for decision-makers to be aware of framing effects when making important decisions.

________ Refer(s) to a Decision Bias Influenced by the Way