For Most People, a Free Trip to Hawaii Is an Example

question 188

Multiple Choice

For most people, a free trip to Hawaii is an example of a prize with high:

• A)intrinsic value.
• B)extrinsic value.
• C)redemption rates.
• D)intrusion value.

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Definitions:

Double-Blind Procedure

An experimental procedure in which both the research participants and the research staff are ignorant (blind) about whether the research participants have received the treatment or a placebo. Commonly used in drug-evaluation studies.

Placebo Effect

Experimental results caused by expectations alone; any effect on behavior caused by the administration of an inert substance or condition, which the recipient assumes is an active agent.

Overconfidence

The tendency to be more confident than correct—to overestimate the accuracy of our beliefs and judgments.

Illusory Correlation

The perception of a relationship where none exists.