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In an Experiment,two Groups Drank the Same Brand of Fruit

question 70

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In an experiment,two groups drank the same brand of fruit juice.One group was simply asked politely to try the drink.The second group was tricked into drinking the juice.Suppose that,on average,the second group liked the juice more than the first.How could the theory of cognitive dissonance be used to explain these results?


Definitions:

Profitability Index

A financial tool used to measure the relative profitability of an investment, calculated as the present value of future cash flows divided by initial investment.

Internal Rate Of Return

A discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Preference Decisions

Decisions made in business or personal finance that reflect a choice or priority among various alternatives, often based on factors such as risk, return, or personal values.

Internal Rate Of Return

A financial metric used to estimate the profitability of potential investments, calculating the interest rate at which the net present value of all the cash flows (both positive and negative) from a project or investment equals zero.

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