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:

Writing Process

A series of steps that writers follow to draft, revise, and finalize their work, including prewriting, drafting, revising, and editing.

Acronym

A word formed from the initial letters of other words and pronounced as a word.

Scratch List

A preliminary list of ideas, options, or tasks created for consideration or action, often subject to change.

Hierarchical Arrangement

An organizational structure where entities are ranked according to levels of importance or authority.