Suppose a Researcher Is Running an Experiment

question 17

Multiple Choice

Suppose a researcher is running an experiment. Each participant is given $10. Half of the participants are presented with option (1) : "Would you accept a fifty-fifty chance of losing $3 or gaining $5?" The other half are presented with option (2) : "Would you accept a fifty-fifty chance of gaining either $7 or $14?" Knowing that individuals are subject to _______, we would expect higher acceptance rates for participants offered with option (2) .

• A)framing bias
• B)time inconsistency
• C)status quo bias
• D)anchoring bias