Identify the type of hedge under each of the following transactions:
Definitions:
Framing Effect
The cognitive bias where people decide on options based on whether they are presented in a positive or negative way.
Extended Service
A service agreement that extends beyond the standard warranty period, offering additional protection or maintenance services.
iPod Shuffle
A compact and discontinued music player designed by Apple Inc., notable for its small size, lack of a screen, and shuffle feature for playing music in a random order.
Anchoring Effect
A cognitive bias where individuals rely too heavily on the first piece of information offered (the "anchor") when making decisions.
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