Huey Has Eaten Two Hamburgers and Is Considering a Third

question 160

Multiple Choice

Huey has eaten two hamburgers and is considering a third.The marginal benefit in his decision is the pleasure from consuming

• A) the two previous hamburgers.
• B) all three hamburgers.
• C) just the third hamburger.
• D) just the second hamburger.
• E) the third hamburger minus the pleasure from consuming zero hamburgers.

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Definitions:

Framing Effect

A cognitive bias where people decide on options based on whether the choices are presented with positive or negative connotations.

Confirmation Bias

A cognitive bias that influences individuals to favor information or interpretations that confirm their preexisting beliefs or hypotheses.

Preconceptions

Preformed opinions or beliefs, often without basis in fact or experience, that influence one's perception.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.