According to Virtue Ethics, the Simple Formula for Right Action

question 25

Multiple Choice

According to virtue ethics, the simple formula for right action is

• A) Act so as to maximize well-being.
• B) Treat others as you want them to treat you.
• C) Do what you think is best.
• D) none of the above (There is no simple formula.)

---

Definitions:

Endowment Effect

The cognitive bias causing individuals to ascribe higher value to things merely because they own them.

Loss Aversion

A psychological principle suggesting people tend to prefer avoiding losses to acquiring equivalent gains.

Military Time

A timekeeping system that runs from midnight to midnight, displayed in a 24-hour format, to avoid ambiguity.

Documenting

The process of recording information systematically and accurately for the purpose of communication, compliance, and record-keeping.