According to a Study by Economists Ian Ayres and Steven

question 98

Multiple Choice

According to a study by economists Ian Ayres and Steven Levitt,the division of the total benefit of the Lojack to its owners and all other car owners is:

• A) 100 percent to the car owner with a Lojack,0 percent to other car owners.
• B) 75 percent to the car owner with a Lojack,25 percent to other car owners.
• C) 50 percent to the car owner with a Lojack,50 percent to other car owners.
• D) 10 percent to the car owner with a Lojack,90 percent to other car owners.

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Definitions:

Conscious Changes

Deliberate modifications or adjustments made with awareness and intention.

Mutual Adjustments

Describes the process by which parties in a negotiation modify their positions and approaches in response to the other party's actions.

Contrast Error

a bias in evaluating others' performance by overly emphasizing differences between the individual's performance and the group norm, rather than assessing the performance on its own merits.

Absolute Standard

A fixed criterion of measure that remains unchanged over time and under different conditions.