« previous next »

Author Question: Which of the following demonstrates the endowment effect? A) If you received a good as a gift, ... (Read 84 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
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
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Laurenleakan

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Effect of pH on oxygen binding to hemoglobin Effect of pH on oxygen binding to hemoglobin
Inverse Relation Between IQ and Disease. Could this explain the Flynn effect? Inverse Relation Between IQ and Disease. Could this explain the Flynn effect?
Climatic cause and effect linkages Climatic cause and effect linkages
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
The effect of gene–environment interaction The effect of gene–environment interaction
Effect of nonsteroidal anti-inflammatory drugs (NSAIDs) on bicarbonate secretion by gastric cells Effect of nonsteroidal anti-inflammatory drugs (NSAIDs) on bicarbonate secretion by gastric cells
Video: Regulation of GFR: autoregulation via myogenic mechanism Myogenic mechanism

For a complete list of videos, visit our video library