People Tip Less When Part of a Group Than When

question 27

Multiple Choice

People tip less when part of a group than when they are alone,illustrating the phenomenon of:

• A)deindividuation.
• B)the bystander intervention effect.
• C)social loafing.
• D)group polarization.

---

Definitions:

Asymmetric Information

A scenario where one participant in a deal possesses greater or more advanced information than the other.

Adverse Selection

A situation where uneven information leads to transactions between parties where one party has more or better information than the other, often seen in insurance markets.

Occur

To happen or take place, referring to events or phenomena.

Adverse Selection

A situation in which one party in a transaction has more information than the other, often leading to an imbalance in which high-risk individuals are more likely to select and benefit from certain agreements, policies, or products.