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.

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Definitions:

Cross-Classification Table

A cross-classification table displays the frequency distribution of variables in a table format, facilitating the analysis of the relationship between two or more categorical variables.

Cross-Classification Table

A table used to display the frequency distribution among variables, showing how many times each combination of variable categories occurs.

Relative Frequencies

The proportion of times that a certain event occurs relative to the total number of outcomes.

Cross-Classification Table

A table that displays the frequency distribution of two or more categorical variables.