Whenever One Variable Increases, Another Variable Decreases

question 97

Multiple Choice

Whenever one variable increases, another variable decreases. The two variables are

• A) definitely related through a third variable.
• B) negatively related.
• C) positively related.
• D) unrelated to each other.

---

Definitions:

Framing Effects

In prospect theory, changes in people’s decision making caused by new information that alters the context, or “frame of reference,” that they use to judge whether options are viewed as gains or losses relative to the status quo.

Specialty Shops

Retail businesses that focus on selling a particular type or category of product, offering a narrow but deep assortment of merchandise.

Big Box Stores

Large retail stores that offer a wide variety of goods and typically have a warehouse or warehouse-like design.

Overconfidence Effect

A cognitive bias where an individual's subjective confidence in their judgments is higher than their objective accuracy.