When Making a Complex Decision Such as Choosing 1 of 10

question 84

Multiple Choice

When making a complex decision such as choosing 1 of 10 different apartments to rent,participants ______.

• A)spontaneously use multi-attribute utility theory
• B)use the same decision strategies regardless of the number of alternatives they are choosing between
• C)systematically search for all available information
• D)often eliminate some alternatives on the basis of only one or a few undesirable characteristics

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Definitions:

Social Decision Schemes

Frameworks or rules that groups of individuals use to aggregate their preferences, views, or votes to reach a collective decision.

Unanimity

Complete agreement among all members or participants in a given situation or decision-making process.

Majority Wins

A decision-making rule where the option with the most support or votes from a group is chosen over others.

Truth Wins

The belief that truth or accurate information will ultimately prevail in the exchange of ideas, commonly referenced in discussions of free speech and marketplace of ideas.