Multiple Choice
Suppose you are purchasing a plane ticket. Airline A advertises that 9 out of 10 planes arrive on time. Airline B advertises that 1 out of 10 planes is delayed. Knowing that individuals are subject to _______, we would expect more people to purchase a plane ticket from Airline A.
A) status quo bias
B) time inconsistency
C) framing bias
D) anchoring bias
Correct Answer:
Verified
Correct Answer:
Verified
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