Multiple Choice
A preference for the default option is called:
A) Indifference bias.
B) Default option bias.
C) Loss aversion.
D) Indecisive bias.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: In 3 sentences describe the relationship between
Q12: The endowment effect is only an "anomaly"
Q13: Standard utility maximization cannot be used to
Q14: The rational model predicts that if an
Q15: There are three bundles of goods:
Q17: If the amount of utility I receive
Q18: If there is a violation of transitivity
Q19: A default option is the option that
Q20: The default option bias implies that the
Q21: The status quo bias is necessarily inconsistent