The Loss Aversion Bias Was Evident in a Research Study

question 66

Multiple Choice

The loss aversion bias was evident in a research study in which people's likelihood of using a disposable grocery bag provided by the store

• A)decreased when they were charged 5 cents per bag, but didn't change when they were given 5 cents for using their own bag.
• B)didn't change when they were charged 5 cents per bag, but increased when they were given 5 cents for using their own bag.
• C)increased when they were charged 5 cents per bag, but didn't change when they were given 5 cents for using their own bag.
• D)didn't change when they were charged 5 cents per bag, but decreased when they were given 5 cents for using their own bag.

---

Definitions:

Well-written Hypothesis

A clearly formulated statement that makes a conjecture about the outcome of an experiment or research, specifying the expected relationship between variables.

Characteristics

Distinctive or identifying features or qualities of a person, object, or phenomenon.

Hypotheses

Proposed explanations made on the basis of limited evidence as starting points for further investigation.

Theory

A system of ideas intended to explain something, especially one based on general principles independent of the thing to be explained.