Which of the Following Questions Best Illustrates the "Framing Effects

question 176

Multiple Choice

Which of the following questions best illustrates the "framing effects" studied by behavioral economists?

• A)Which would you rather have after lunch today, an apple or an orange?
• B)How much would you rather receive: $100 while everyone else gets $110, or $80 like everyone else?
• C)Where would you rather invest your funds, in stocks or gold certificates?
• D)What would you rather do: go to college and postpone having a full-time job, or forgo college and get a full-time job now?

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Definitions:

Legal Changes

Modifications or amendments to existing laws and legal systems, often prompted by societal shifts or the need to address new issues.

Official Crime Statistics

Data collected and published by government bodies or authorized organizations, detailing the incidence and types of crimes reported to law enforcement agencies.

Decriminalization

The reduction or elimination of criminal penalties associated with certain acts, often applied to drug use or possession, to focus more on harm reduction and treatment.

Social Diversion

Activities or behaviors engaged in for the purpose of amusement or escape, often seen as forms of recreational or leisure activities distinct from societal norms.