Deciding Not to Buy Ice Cream While Grocery Shopping Because

question 72

Multiple Choice

Deciding not to buy ice cream while grocery shopping because you intend to start a diet in a few days is an example of:

• A)a commitment device.
• B)status quo bias.
• C)the endowment effect.
• D)positive framing.

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Definitions:

Secondary

Pertaining to information or sources that are derived from the analysis, evaluation, or interpretation of primary sources.

Legal Authority

The right or power legally granted to an individual or body to make decisions, enforce laws, or adjudicate disputes.

American Jurisprudence

A comprehensive body and encyclopedia of American law and procedure, covering all state and federal legal topics.

Alphabetical Presentation

Organizing or categorizing information or items in order based on the initial letter of their names or terms from A to Z.