According to Kahneman and Tversky,which of the Following Gas Stations

question 5

Multiple Choice

According to Kahneman and Tversky,which of the following gas stations would you be most likely to choose to go to?

• A)"Using your credit card will incur a 10 cent surcharge."
• B)"Receive a 20 cent discount when you use cash!"
• C)"Our prices never fluctuate!"
• D)You would be equally likely to choose any of these.

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination.

Hierarchical Approach

A structured organizational method where decisions and processes flow from top-level management down through various levels of authority.

Problem-Solving Argument

A method of resolving disagreements or issues through logical reasoning and evidence-based analysis to reach a mutually acceptable solution.

Ethnocentric Practices

Ethnocentric practices involve evaluating other cultures according to the standards of one's own culture, often leading to prejudice and discrimination.