In an Experiment, Students Were Asked to Consider the Last

question 27

Multiple Choice

In an experiment, students were asked to consider the last two digits of their social security number. Next, students were asked to submit bids for a product. There was a positive correlation between the size of the bid and the last two digits of a student's social security number. This experiment highlights the behavioral economic issue of:

• A) vertical thought.
• B) metering.
• C) fleeting.
• D) anchoring.

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Definitions:

Graduation Certificate

An official document issued by an educational institution signifying that a student has successfully completed a particular course of study.

Basic Data

Fundamental information or initial data that forms the basis for more detailed or complex processing.

Internet

A global network connecting millions of computers, allowing the sharing and transfer of data and information.

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A data storage device that uses flash memory to store data, known for its fast read and write speeds compared to traditional hard drives.