In Using the Internet to Price Insurance, Which of the Following

question 111

Multiple Choice

In using the Internet to price insurance, which of the following is not true?

• A) It is fast and convenient.
• B) It is usually more expensive.
• C) There is less pressure.
• D) You can compare rates among several companies at once.

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Definitions:

Giving To Charity

The act of donating money, goods, or time to support those in need or to promote a cause.

Precommitment Device

A strategy or mechanism used to constrain one's future actions or decisions to help achieve a long-term goal or avoid impulsive behavior.

Behavioral Economists

Researchers in economics focusing on how psychological, cognitive, emotional, cultural, and social aspects influence the economic choices made by individuals and institutions.

Availability Heuristic

A mental heuristic that uses the most readily accessible examples in someone's memory to appraise a specific area, concept, technique, or decision-making process.