The Number of Options Has __________ Effects on People's Satisfaction

question 77

Multiple Choice

The number of options has __________ effects on people's satisfaction with the options and the quality of their decisions.

• A) negligible
• B) opposing
• C) similar
• D) negative

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Definitions:

Bromides

Compounds containing the bromide ion or compounds that act as a sedative; colloquially used to refer to common sayings or platitudes that lack originality.

Platitudes

Statements that are used often and over time have become trite, commonplace, or clichéd.

Pareto Efficient Allocation

An allocation of resources that cannot be modified to make anyone better off without making someone else worse off.

Utility Function

An economic model that represents a consumer's preference ranking for various bundles of goods by assigning a utility value to each bundle.