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Use the Following to Answer Questions

question 5

Multiple Choice

Use the following to answer questions
Scenario I
Scenario I is based on and presents data from the following study (reproduced from p.25 of the textbook) :
Piff,P.K. ,Stancato,D.M. ,Côté,S. ,Mendoza-Denton,R. ,& Keltner,D.(2012) .Higher social class predicts increased unethical behavior.PNAS Proceedings of the National Academy of Sciences of the United States of America,109(11) ,4086-4091.doi:10.1073/pnas.1118373109
Piff and colleagues (2012) used naturalistic observation techniques to determine if wealthy people behaved more or less ethically than people who were not wealthy.In one study,observers stood at a busy intersection and recorded the make,model,and year of each approaching car.They also noted if the car cut off other cars or pedestrians at this intersection.
Major findings of Piff et al.(2012) are presented in Figure 1.1.This figure shows the percentage of times vehicles cut off another driver (top panel) or pedestrians (lower panel) as a function of the social status of the vehicles (with more expensive cars ranked higher in social status) .
Figure 1.1
-(Scenario I) A psychologist believes that selfishness is a genetically based trait that confers advantages in terms of resource acquisition.As such,the psychologist is not surprised in the least that selfish people drive expensive cars.This _____ would predict that _____.

Definitions:

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth or interest.

Ordinary General Annuity

An annuity in which the payment interval does not equal the compounding interval, and payments are made at the end of each payment interval.

Semi-annual Payments

Payments made twice a year, often in the context of loans, investments, or insurance premiums.

Discount Rate

The interest rate used in calculating the present value of future cash flows.