Hubert and Jared Are Both Involved in Automobile Accidents, Which

question 80

Essay

Hubert and Jared are both involved in automobile accidents, which totally destroy their automobiles this year. Hubert and Jared purchased the automobiles at the same time for the same cost, and neither of them receives any insurance reimbursement for the destruction of their automobiles. Before considering the effect of their casualties, Hubert and Jared have identical adjusted gross incomes. Although Hubert and Jared are seemingly alike in every aspect regarding the automobiles, Hubert is allowed a deduction of $2,000 for the destruction of his automobile and Jared is not allowed any deduction for his automobile. What causes this disparity of treatments between Hubert and Jared? Explain. Use examples if necessary.

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Definitions:

Coolidge Effect

The sexually arousing power of a new partner (greater than the appeal of a familiar partner).

Excitation Transfer

The process whereby arousal generated in one context is carried over and intensifies emotional reactions in another context.

Sexual Attraction

The natural or inherent interest in or desire for someone, often based on physical, emotional, or psychological factors.

Coolidge Effect

A phenomenon seen in animals and humans, where males exhibit renewed sexual interest if introduced to new receptive females.