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:

Deductive Reasoning

A reasoning method where an inference is drawn from the agreement of several assumptions which are typically believed to be accurate.

Halo Effect

A cognitive bias where one's overall impression of a person influences how one feels and thinks about their character or properties.

Creative Thinking

The ability to think in unique, novel, and original ways in order to solve problems or generate new ideas.

Software Development

The process of conceiving, specifying, designing, programming, documenting, testing, and bug fixing involved in creating and maintaining applications, frameworks, or other software components.