Fred just purchased an expensive new refrigerator and is considering purchasing the overpriced warranty. In making his decision on the warranty, Fred ignores better ways that his money could be spent, including paying off high-interest credit card debt. According to prospect theory, the process that leads Fred to ignore the debt and buy the overpriced warranty is anchoring. confirmation bias. framing bias. mental accounting.

Answers

Answer 1

Answer:

anchoring

Explanation:

In simple words, The anchoring phenomenon can be understood as the cognitive prejudice in which a single comparison source or 'anchor' influences a person's judgments. Following the setting of the anchoring number, a person 's future statements, estimations, and so on may differ from what things might have remained sans the anchor.

Thus, from the above we can conclude that the correct answer is anchor.


Related Questions

Mention the role of society in one character building ​

Answers

Answer:

A society runs educational institutions for its own development.

It allots specific functions of individual development, socialization and preparing need based human resources.

Critics of the traditional psychological definition of achievement have argued that... A. people can view personal and interpersonal events in achievement terms. B. the traditional definition taps only direct, competitive achievement. C. some people may try to satisfy their achievement needs vicariously through the successes of others. D. all of the above.

Answers

Answer:

A. people can view personal and interpersonal events in achievement terms.

Explanation:

Traditional psychological definition of achievement views achievement as an internally motivated goal by an individual to reach a set goal. This internal motivation is usually one of personal nature rather than external pressure, like Maslow's hierarchy of needs or Henry Murray's N-Ach which was subsequently popularised by the psychologist David McClelland.

Marissa’s mom is a hairdresser and Marissa spent countless hours after school just hanging out in the salon, but never learned how to cut or style hair. Later, when Marissa’s friend mentions she is looking for someone to do her hair for a wedding, Marissa says she can play with it a bit. Marissa surprises even herself by how wonderful the updo looks. This is an example of

Answers

Answer:

this is an example of latent learning

When Marissa’s friend mentions she is looking for someone to do her hair for a wedding, Marissa says she can play with it a bit. Marissa surprises even herself by how wonderful the up do looks. This is an example of latent learning.

What is latent learning?

After she has viewed the cells, she wants to produce a scientific drawing of them.The other ways in which she can make sure she produces an accurate and useful drawing is make a large clear drawing, include magnification used, use a ruler, when labeling write horizontally forming a vertical list. This is an example of latent learning.

Scientific experiment has done by testing the particular medicine on an animal and by observing the impact of medicine on the animal as well as the reaction of the animal. After she has viewed the cells, she wants to produce a scientific drawing of them.

Therefore, When Marissa’s friend mentions she is looking for someone to do her hair for a wedding, Marissa says she can play with it a bit. Marissa surprises even herself by how wonderful the up do looks. This is an example of latent learning.

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The greatest weakness in the fight against eradicating corruption is: Group of answer choices There is too much corruption to ever win. Every country must institutionalize and enforce anti-corruption laws. The fact that the Foreign Corrupt Practices Act is no longer being followed. Overseas bribes are often tax deductible.

Answers

Answer:

The answer is "The second choice".

Explanation:

Government bargaining is indeed a sort of group action to combat corruption and the hazards of bribery in government service. Its joint activity against corruption brings together and the leaders of the private, government, and civil society sectors, that's why every country should institutionalize and enforce anti-corruption laws as its greatest weakness inside the fight against the eradication of bribery.

una historia con los 10 valores principales que se deben vivir en la familia

Answers

Answer:

Amor

Confianza

Lealtad

Amorosa

Sin mentiras

Respecto

Responsabilidad

Ordenados

Y si quieres deja tu pregunta en brainy. Lat

Hello
Need Help With Social Studies

Answers

What do you need help on ion social studies

Alice is walking home from school when she notices a change in the weather. She hears thunder in the distance, sees lightning and dark clouds approaching, feels the wet breeze of an approaching storm, and even smells the difference in the wind from the storm. Alice is able to organize all of these sensory cues into a meaningful idea due to her powers of ________.

Answers

Answer:

Alice is able to organize all of these sensory cues into a meaningful idea due to her powers of perception.

Explanation:

Through the perceptual process, we obtain knowledge or details about the properties and elements of the environment that are critical to our survival.

Why are the wages for farm labourers in palampur less than minimum wages​

Answers

Answer:

The minimum wages for a farm labourer set by the government Are ` 60 per day, but wages of farm labourers in Palampur are less than minimum wages because there is heavy competition for work among the term labourers in Palampur, so people agree to work for lower wages.

Give a brief description or write at least two sentences of any two famous people and why they are of importance.​

Answers

Answer:

Two Famous People: Martin Luther King Jr. and George Washington

Explanation:

Martin Luther King Jr. is one of the most famous important people in American History. He had held multiple marches and protests to go towards the American civil rights movement. He also brought publicity to major civil rights activities, emphasizing the importance of nonviolent protest.

George Washington is a very famous key figure in American History. George Washington was commander in chief of the Continental Army during the American Revolutionary War. He was also the first President of the United States and was the first president to serve two terms as the President.

what does 'enjoy diversity.'Explain. ​

Answers

Answer:

diversity is an important factor int his world . The idea of diversity involve respect and acceptance. It also means accepting and understanding that every person is unique and identifying our individual distinction.

Explanation:

All about exploring the difference in safe and positive environment. Enjoying diversity relates to one right thing we all have in common.

Answer:

In his world, diversity is a major factor. Respect and acceptance include the idea of variety. It also indicates that everyone is unique and identifies our own distinction. It signifies embrace and comprehends.

Explanation:

Everything about the difference in a safe and positive setting. Discovering variety is the right thing for all of us.

what is role playing in social​

Answers

Answer:

Role-playing is the changing of one's behaviour to assume a role, either unconsciously to fill a social role, or consciously to act out an adopted role.

Role playing is being another person and trying to be that person

Power sharing enhances the vertical distribution of power. Do you agree with the statement? Give reason for your answer with the help of an example

Answers

Answer:

Power sharing is essential as it helps to reduce the load and stress on one party.

Explanation:

Power-sharing is an important aspect of the distribution of power and includes decentralization.  That is from the authorities level to the local levels. Such as the hierarchy in an organization, power is shared within various vertical and horizontal levels.

What does the Ninth Amendment do?
Answer Choices:
A.
It states that people have additional rights that are not specifically mentioned.
B.
It allows Congress to add more rights to the Constitution if necessary.
C.
It warns that new rights must be added by constitutional amendment.
D.
It explains that the states also have rights that need to be protected.

Answers

Answer: D

I can't be completely sure as the articles I've read on the ninth amendment have all been relatively vague.

A. It states that people have additional rights that are not specifically mentioned

what do you think the need and importance of a constitution?​

Answers

Answer:

Separates the powers of government into three branches: the legislative branch, which makes the laws; the executive branch, which executes the laws; and the judicial branch, which interprets the laws

Explanation:

Be-32 When onboard and facing the front of a boat, where is the stern?

Answers

Answer:

At the back of the boat

Explanation:

The stern of a boat is the rear of the boat while the bow is the front of the boat, so if you were facing front in a boat then the stern is at your back(if you're not already at the stern in the boat). Usually, the stern is where the engine of a motor boat is located while some boats may have their engine located at the bow(the front) of the boat and have the stern be used for seating or storage.

A high school held a graduation ceremony. Attendance at the ceremony is voluntary. The principal of the school is a good friend and follower of a local minister and he convinced the minister to attend the ceremony, say an opening prayer, and congratulate the students for their achievement. The principal instructed the minister to make sure that her opening prayer is nonsectarian, just a general invocation of blessings. The principal even provided the minister with a sample prayer that he believed would pass First Amendment scrutiny. A student who was raised in an atheist home saw the schedule and filed an action to enjoin the school from including the prayer. Should the court grant the injunction

Answers

Answer:

Yes, because the prayer violates the Establishment Clause.

Explanation:

This is because the Establishment Clause forbids government action regarding the establishment of any religion.

In this case, any form of prayer, whether sectarian or non-sectarian are considered to be invalid as establishments of religion. This is also applicable to public school officials from having chaplains or ministers deliver invocation and benediction prayers at graduation ceremonies.

briefly describe territory and government​

Answers

Answer:

A territory is an administrative division, usually an area that is under the jurisdiction of a sovereign state. In most countries, a territory is an organized division of an area that is controlled by a country but is not formally developed into,or incorporated into, a political unit of the country that is of equal status to other political units that may often be referred to by words such as "provinces" or "regions" or "states". In international politics, a territory is usually either the total area from which a state may extract power resources or any non-sovereign geographic area which has come under the authority of another government; which has not been granted the powers of self-government normally devolved to secondary territorial divisions; or both.

Explanation:

Answer:

a geographical area belonging to or under the jurisdiction of a governmental authority. a political subdivision of a country. a part of the U.S. (as Guam or the U.S. Virgin Islands) not included within any state but organized with a separate legislature — compare trust territory.

Explanation:

What are the factors that determine social development? list them out pointwise.​

Answers

Answer:

some factors that determine social development are:

1.family and home environment

2.school and teacher role

3. parental style

4.peer group

acciones de actores fundamentales que participaron en la independencia centroamericana​ (ayuda porfa )

Answers

La respuesta correcta para esta pregunta abierta es la siguiente.

A pesar de que no se anexan opciones o incisos para contestar, podemos comentar lo siguiente.

Las acciones de actores fundamentales que participaron en la independencia Centroamericana, fueron las siguientes.

Hombres valientes como Domingo Antonio de Lara, Manuel José Arce, José Cecilio del Valle, y Matías Delgado, fueron protagonistas de diversos momento en el proceso de independencia de la corona española que controlaba toda la región.

Recordemos que una de las primeras rebeliones en Centroamérica comenzó en noviembre de 1811, ya como parte del movimiento de independencia. En esas fechas, hombres pertenecientes al clero como Nicolás Aguilar y Matías Delgado conspiraban contra la monarquía española para obtener armamento resguardado en San Salvador; específicamente, en la llamada casamata.

La gente se uniría a esas primeras acciones revolucionarias durante 1814 y hasta 1821, hasta que por fin, el 15 de septiembre de 1821, se culmina el movimiento con la independencia de Costa Rica, Nicaragua, Guatemala, El Salvador y Honduras.

In the quest to maintain their legitimacy, political officials may use athletes, teams, and particular sports to _____. Multiple choice question. boost their acceptance in the minds of citizens reaffirm an identity that further disconnects people within a nation emphasize that competition is clearly the most unconventional way to achieve personal success provide people with a vocabulary and real-life examples that conflict with dominant political ideologies

Answers

Answer:

Explanation:

I dont know

Why were political parties formed during colonial days and who formed the first political party and name the political party the above person formed

Answers

The first party was a democratic republican formed by George Washington Alexander Hamilton and Thomas Jefferson and John Adams.

Humans judge the speed of an object moving toward them as faster than the same object moving away from them. The explanation is that the misperception helped early humans avoid fast moving objects and predators (by making them think the approaching objects and animals would reach them sooner). This explanation sounds most consistent with which concept

Answers

Answer:

"Evolution by natural selection" would be the correct concept.

Explanation:

The adaptation of natural resources seems to be the basic underpinning among all evolutionary processes and would be the mechanism whereby the gradual, as well as cumulative accumulating of genetic alterations, has been replaced by more well-adapted species.Evolution through natural selection happens whenever these genotypes generate numerous descendants throughout terms of the environment than other genomes.

Thus, the above is the right explanation.

How do people construct an identity on social media? Provide examples. Is selective self-presentation occurring?​

Answers

Answer:

Social media enables identity expression, exploration, and experimentation; something natural for the human experience. It is the agencies in real life, which provide a source of names for different sectors.

Which of these is the best example of an asset?
O the electricity in a home
O the antique diamond necklace someone is wearing
O the coffee someone drank this morning
O an old, used airline ticket

Answers

Answer:

the antique diamond necklace

Explanation:

it is the only thing of value

The best example of an asset is the antique diamond necklace someone is wearing. Thus the correct option is B.

What is an asset?

An asset is considered a resource of the business that has an economic value in the future to the business which helps business activities to take place smoothly.

This is referred to as controlling the company to carry out natural functioning. Both fixed and current assets are included. In contrast to current assets, which include creditors and bill receivables, fixed assets include things like buildings, machinery, and land.

The asset turnover ratio is used to assess how well assets are utilized in any organization to create revenue. It says that the assets will generate more income and a higher asset turnover ratio.

Therefore, option B is appropriate.

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Clean water is a basic necessity, yet obtaining clean water is a daily struggle for millions of people worldwide. Identify why the poor of Mumbai, India, have difficulty getting access to water.
A. They do not voice their concerns to the city.
B. They do not have citizenship.
C. They do not have jobs.
D. They do not have a permanent residence.

Answers

Answer:

A=they do not voice their concerns to the city

Mr. Quigley, who is a lobbyist for the oil industry, says that the government should subsidize oil exploration. In view of Mr. Quigley's credentials, it follows that the government should certainly do this. a. Appeal to unqualified authority. b. Argument against the person, circumstantial. c. Begging the question. d. False cause. e. No fallacy.

Answers

Answer:

Option A: Appeal to unqualified authority

Explanation:

Fallacies of Weak Induction

This is said to take place only occurs the premises used as provided to support for a conclusion, but it is not enough to believe the conclusion.

Types of Fallacies of Weak Induction

1. Appeal to Unqualified Authority, 2. Appeal to Ignorance

3. Hasty Generalization

4. False Cause

5. Slippery Slope

6. Weak Analogy

Appeal to Unqualified Authority

In this type of appeal, an arguer used a statement made by another person as a form of evidence for a conclusion, and usually, that person is not qualified to to make such a statement. It is also defined as when the arguer appeals to an inappropriate or unqualified authority or expert as the basis for accepting a conclusion, therefore the viewpoint of such an individual that is raised is said to be logically irrelevant. It is only when an appeal to a legitimate expert such as eye-witness in court case etc. then it is a type of inductive argument.

CREA Y EXPLICA TRES OBJETIVOS DE UNA INVESTIGACIÓN DE CAMPO QUE PODRÍA TENER UNA EMPRESA COMERCIAL DE ROPA QUE SE DEDICA A LA VENTA DE VESTIMENTA INDIGENA

Answers

La respuesta correcta para esta pregunta abierta es la siguiente.

Estos serían los tres objetivos de la investigación de campo para una empresa comercializadora de ropa indígena.

1.- Conocer la cantidad de consumidores que conocen las características de las telas e hilos con los que se elabora la ropa indígena.

2.- Conocer el número de consumidores que están enterados en la ropa elaborada por indígenas.

3.- Saber el rango de precios que estarían dispuestos a pagar los consumidores por este tipo de prendas de vestir, una vez que conozcan la calidad de los materiales y el trabajo artesanal para fabricarlos.

Estos serían los objetivos centrales de la investigación de campo. Obteniendo las respuestas de estos planteamientos, la empresa tendrá la información importante para poder tomar la mejor decisión para promocionar y comercializar sus productos en diferentes segmentos.

The

Compromise solved the issue of representing enslaved people in Congress.

Answers

Answer:

Three-Fifths

Explanation:

The Three-fifths Compromise was a compromise reached among delegates who came from the southern and northern states during the United States Constitutional Convention, which took place from the 25th of May to the 17th of September, 1787 in the old Pennsylvania State House, Philadelphia, United States of America.

These delegates had disputes on how slaves are to be counted during census to determine the total population of each state which, consequently, would determine the amount of taxes to be paid, as well as the number of house of representative seats. They reached a compromise by agreeing that three-fifths (three out of five) of the slave population are going to be counted to determine direct taxation and representation in the house of representatives.

Hence, the Three-Fifths (⅗) Compromise solved the issue of representing enslaved people in Congress.

In conclusion, it was a compromise made in order to make the Constitution of the United States of America appeal to the southern state.

Answer:

three fifths, second one is commerce and slave trade, last is great

Explanation:

correct on edge.

What is one of the disadvantages or why are some people suggesting we look at changing
Canada's voting system?
A. It is complicated and too difficult to understand for average Canadian citizens.
B. It is un-democratic and creates voter apathy because citizens may feel their votes have been wasted unless they supported the winner.
C. It encourages political uprising
D. It encourages traditionalist attitudes.​

Answers

Answer:

B. It is un-democratic and creates voter apathy because citizens may feel their votes have been wasted unless they supported the winner.

Explanation:

Electoral system of Canada is FPTP is criticized for not a popular vote and favors regions that are supportive of party. The system does not proportionally represent electoral system and is unjust towards the view od the voters.

What characteristic of the Middle colonies helped with trading?

Construction of dirt roads
Long and wide rivers
Pacific Ocean
Railroad

Answers

long and wide rivers

like the Hudson river for New York city

Middle colonies are like new York city &

Philadelphia

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