Referring to the Picture Above, What Is the Maximum Number

question 37

Multiple Choice

Referring to the picture above, what is the maximum number of slides per page?

• A) 4
• B) 6
• C) 9
• D) 12

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Definitions:

Endowment Effect

A cognitive bias where individuals value an owned object higher than a similar object they do not own, often affecting decision-making and market outcomes.

Framing Effects

Framing effects are cognitive biases where an individual's choice is influenced by the way information is presented, rather than just the information itself.

System 1

An automatic, fast, and often unconscious way of thinking, as described in dual-process theories of cognition.

Framing Effects

The influence on decision-making and judgment caused by the way information is presented, where different phrasing, presentation, or context can significantly alter individuals' choices.