The Statement "It Doesn't Hurt to Get More Information" Holds

question 136

Multiple Choice

The statement "It doesn't hurt to get more information" holds true _____

• A)especially when the opportunity cost of acquiring the information is high.
• B)when information is less than perfect.
• C)only if the marginal benefit of information is greater than the marginal cost of information.
• D)only if the marginal benefit of information is equal to the marginal cost of information.
• E)only if the marginal benefit of information is less than the marginal cost of information.

---

Definitions:

Normative Discontinuities

Breaks or interruptions in the normative expectations or behaviors within a society or group.

Symbolic Initiation Rites

Ceremonies or rituals marking the admission of an individual into a new role, status, or community, often containing symbolic elements indicating transformation.

Social Loafing

The tendency for individuals to exert less effort to achieve a goal when they work in a group than when they work alone.

Shared Norms

Established behaviors or beliefs that are accepted and adhered to by a group or society.