A Scientist Is Interested in Studying Whether Groups or Individuals

question 7

Multiple Choice

A scientist is interested in studying whether groups or individuals make better decisions. She compares a group of 10 students working together on a task to a group of 10 students, each working alone on a task, but she combines the work of these 10 students together. The 10 students whose individual work has been combined are known as a

• A) process group.
• B) member characteristics group.
• C) nominal group.
• D) scientific control group.

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Definitions:

Transitive Preferences

A concept in decision theory where if a person prefers option A over B and B over C, then the person also prefers A over C.

Transitive Indifference

Transitive indifference refers to a situation in consumer preference theory where if a consumer is indifferent between goods A and B and also between goods B and C, then the consumer is equally indifferent between goods A and C.

Strict Preference

An economic term indicating a consumer's stronger liking for one option over another, with no indifference between the two.

Convex Preferences

In consumer theory, a situation where the consumer prefers an average of two goods or bundles to either one of the extremes, indicating a desire for diversified choices.