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Scenario: Tom wants to buy a used iPhone from an online exchange Web site. He expects 50 percent of the used phones to have some defect. He is willing to pay up to $80 for a phone without any defect and $0 for a defective phone. An owner of a good-quality iPhone is likely to sell his phone if he gets a price of $70.
-Refer to the scenario above.Tom is likely to get a defective phone if he is willing to pay an amount of ________.
Social Identity Theory
A psychological theory suggesting that an individual’s sense of who they are is based on their group membership(s).
Social Dominance Orientation
An individual's degree of preference for inequality among social groups and the endorsement of ideologies that promote this inequality.
Right-Wing Authoritarianism
A personality and ideological framework characterized by submission to authorities, adherence to conventional norms, and hostility towards those who dissent.
Trait of Disidentification
A psychological process where individuals detach their self-esteem from outcomes in a specific domain to protect their overall self-worth.
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