Table 22-12 The Following Table Shows the Preferences for the Five Voters

question 353

Multiple Choice

Table 22-12
The following table shows the preferences for the five voters in a city regarding how to deal with the city's diseased trees. A = do nothing
B = follow the expert's advice to remove every tree
C = remove every 4th tree now and perhaps more later
D = use an untested spraying alternative
-Refer to Table 22-12. Consider the public policy for dealing with the diseased trees. Using pairwise majority voting with A versus B, then the winner of that vote versus C, then the winner of that vote versus D, which policy wins?

• A)A
• B)B
• C)C

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Definitions:

Endowment Effect

The tendency for people to ascribe more value to things merely because they own them.

Ouija Board

A flat board marked with letters, numbers, and other symbols, used to attempt communication with spirits through a movable indicator or planchette.

Reasonably Priced

Items or services offered at a price that is considered fair and affordable.

Endowment Effect

The psychological phenomenon where individuals value an owned object higher than its market value.