According to Prospect Theory, People Tend to Favor Default Options

question 82

Multiple Choice

According to prospect theory, people tend to favor default options. This is known as the

• A)self-serving bias.
• B)availability heuristic.
• C)status quo bias.
• D)framing bias.

---

Definitions:

Retrieval Cues

Triggers or stimuli that help in the recall of memories stored in the brain.

Memory Consolidation

the process by which temporary, short-term memories are transformed into more stable, long-term memories.

Déjà Vu

The eerie sensation that an experience currently being experienced has already been experienced in the past.

Mnemonic Device

A learning technique that aids information retention by associating complex information with simple, memorable constructs.