ING Direct Could Be Called the Fast-Food Model of Consumer

question 32

True/False

ING Direct could be called the fast-food model of consumer banking because it is about as no-frills as it gets.

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Definitions:

Illusory Correlation

refers to the cognitive bias where a relationship between two variables is perceived to exist when no such relationship actually exists.

Double-Blind Procedure

A experimental setup in which neither the participants nor the experimenters know who is receiving a particular treatment, preventing bias in the results.

Illusory Correlation

The cognitive bias of perceiving a relationship between two variables even when no such relationship exists.

Placebo Effect

A phenomenon in which a person experiences a physiological or psychological improvement after receiving a treatment with no therapeutic value.