Examlex
Suppose that Ina is given the opportunity to try out three different kinds of hotdogs, and suppose that Oliver is given the opportunity to try out twelve different kinds of hot dogs. After trying the hot dogs, they are given the opportunity to purchase hot dogs. Research suggests that ____.
Price
The amount of money expected, required, or given in payment for something.
Omission Bias
The tendency to judge harmful actions as worse, or less moral, than equally harmful inactions (omissions).
Status Quo Bias
The tendency for individuals to prefer for things to stay the same by doing nothing or by sticking with a decision made previously.
Default Option
A pre-selected choice among a set of options that will be applied if no alternative is specified by the decision-maker.
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