For Certain Intangibles That Cannot Be Measured,it Is Best to

question 11

Multiple Choice

For certain intangibles that cannot be measured,it is best to

• A) guess.
• B) exclude them from cost benefit analysis,and then calculate how large they must be to reverse the decision.
• C) reevaluate using the Hicks-Kaldor criterion.
• D) leave it to the private sector to decide on value.

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Definitions:

Darley And Latané

Psychologists known for their research on the bystander effect, illustrating how individual responsibility is diluted in the presence of others.

Bystander Effect

A behavioral pattern observed in social psychology where people are less inclined to assist someone in need when there are others around.

Cognitive-Neoassociationistic Model

A theory proposing that cognition and emotions are linked in a network of associations, affecting how stimuli are processed and reactions are generated.

Aversive Events

Negative or unpleasant experiences that an individual seeks to avoid or minimize.