Suppose Ryan and Rita Were Randomly Shown the Numbers 25

question 235

Multiple Choice

Suppose Ryan and Rita were randomly shown the numbers 25 and 67, respectively, and then asked to estimate the price of an item about which they have relatively limited knowledge. According to findings from behavioral economics, we would expect

• A)Ryan to estimate a price higher than what Rita would estimate.
• B)Ryan to estimate a price lower than what Rita would estimate.
• C)Ryan to estimate a price about the same as what Rita would estimate.
• D)the randomly shown numbers to have no influence on their estimates.

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Definitions:

Intrapersonal

Pertaining to the internal processes within an individual, such as self-awareness, emotion regulation, and personal motivation.

Interpersonal

Pertaining to the interactions and relationships between two or more individuals.

Developmental

relates to growth, evolution, or improvement over time, often with a focus on personal, organizational, or societal advancement.

Fundamental

Serving as a foundation or core; of central importance.