Multiple Choice
Cutting up your credit cards in an effort to curb spending is an example of:
A) status quo bias.
B) a commitment device.
C) the endowment effect.
D) loss aversion.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q49: If choice architects frame choices in terms
Q50: People's preferences about the present are _
Q51: Your roommate tells you she's going to
Q52: The organization of the context and process
Q53: Suppose you are purchasing a plane ticket.
Q55: The CARD Act, which requires credit card
Q56: Disclosing information in more usable ways to
Q57: The implementation of choice architecture that alters
Q58: Commitment devices are:<br>A)methods to increase the price
Q59: By studying the effects of choice architecture,