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When Maria comes home from work she finds that her yard has been mowed and trimmed.An hour later a man comes to her door to collect payment for the yard work.Maria refuses to pay him because she has never seen him before nor had she hired him to do the work.Which of the following is accurate?
Price
The amount of money expected, required, or given in payment for something.
Omission Bias
The tendency to judge harmful actions as worse, or less moral, than equally harmful inactions (omissions).
Status Quo Bias
The tendency for individuals to prefer for things to stay the same by doing nothing or by sticking with a decision made previously.
Default Option
A pre-selected choice among a set of options that will be applied if no alternative is specified by the decision-maker.
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