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Author Question: Which of the following demonstrates the endowment effect? A) If you received a good as a gift, ... (Read 53 times)

sam.t96

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on: Jun 29, 2018
Which of the following demonstrates the endowment effect?
 
  A) If you received a good as a gift, you are less likely to attach a monetary value to the good.
  B) Isabella was not willing to part with her Chris Hemsworth poster although she was offered 100 for it, a sum greater than what it costs to purchase another such poster.
  C) Chris Hemsworth commands a premium in the movie industry because he is endowed with dashing looks.
  D) Whelan inherits a cottage in Cape Cod from his grandfather and is unwilling to sell it for sentimental reasons.

Question 2

All games share three characteristics. Two of these characteristics are rule and strategies. What is the third characteristic called?
 
  A) payoffs B) competition C) collusion D) results
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Laurenleakan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


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