Most People Would Prefer to Take Some Action That Would

question 199

Multiple Choice

Most people would prefer to take some action that would save 200 lives than an action that has a one-third chance of saving 600 lives. Which of the following procedures is most likely to get them to change their minds?

• A) Reframe the question so it asks about avoiding a loss of lives instead of making it possible to save lives.
• B) Tell people to think over their decision for a day or two and talk about it with their friends.
• C) Describe the two actions in more detail so the people understand how the procedures work.
• D) Change the order of the question so that the people hear first about the possibility of a one-third chance of saving 600 lives.

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Definitions:

Loss

A situation in which a business's expenses exceed its revenues over a specific period, resulting in negative profit.

Price Discrimination

A pricing strategy where a company charges different prices for the same product or service in different markets or to different segments of consumers, based on willingness to pay.

Product Differentiation

The method of differentiating a product or service from those available in the market to enhance its appeal to a specific target audience.

Barriers To Entry

Economic, procedural, regulatory, or technological factors that obstruct or restrict the ability of new competitors to enter and operate in a market.