A Person Committing to Carpool with a Friend to the Gym

question 53

Multiple Choice

A person committing to carpool with a friend to the gym for daily workouts is an example of:

• A) status quo bias.
• B) the endowment effect.
• C) a commitment device.
• D) positive framing.

---

Definitions:

Transmission Damage

Harm or failure in the transmission system of a vehicle, affecting its ability to change gears and efficiently transfer engine power to the wheels.

Drive Wheels

Wheels that receive power from the vehicle's engine or motor to propel the vehicle forward or backward.

Twin Countershaft Transmission

A twin countershaft transmission is a type of gearbox found in heavy-duty vehicles, featuring two parallel shafts that allow for more efficient torque distribution and gear ratios.

Input Shaft

The shaft that transfers power from an external source (like an engine) into a gearbox or transmission to be distributed to the machinery.