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question 174

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Use the following to answer question: Use the following to answer question:   -(Table: Denise's Consumption of Coffee and Gasoline) Use Table: Denise's Consumption of Coffee and Gasoline.Suppose Denise initially chooses consumption bundle A.She can increase her total utility by: A) consuming more gasoline and less coffee. B) consuming more coffee and less gasoline. C) not consuming more coffee or gasoline. D) consuming more coffee and more gasoline.
-(Table: Denise's Consumption of Coffee and Gasoline) Use Table: Denise's Consumption of Coffee and Gasoline.Suppose Denise initially chooses consumption bundle A.She can increase her total utility by:


Definitions:

Halo Effect

The tendency of our general or overall liking for a person to influence our assessment of more specific traits of that person. The halo effect can produce inaccuracy in our ratings of others’ traits and performances.

Complexity-Extremity Effect

The bias where less complex schemas lead to more extreme judgments and evaluations.

Stereotypes

Fixed sets of characteristics that are attributed to all the members of a group; simplistic and rigid perceptions of members of one group that are widely shared by others.

Attribution Error

A cognitive bias that involves misattributing the causes of someone's behavior to their personality, rather than to situational factors.

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