Psychological Studies Involve the Use of Many Variables

question 19

Multiple Choice

Psychological studies involve the use of many variables.Which of the following variables could bias research findings?

• A)independent
• B)extraneous
• C)nuisance
• D)both B and C

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Definitions:

Endowment Effect

Tendency of individuals to value an item more when they own it than when they do not.

Reference Point

A basis or standard for evaluation, comparison, or judgment.

Original Endowment

The initial allocation of income, wealth, resources, or goods that an individual or economy possesses before engaging in trade or production activities.

Behavioral Economics

A field of study blending economics and psychology to explore how people make decisions, often deviating from rationality.