« previous next »

Author Question: Which of the following demonstrates the endowment effect? A) If you received a good as a gift, ... (Read 77 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?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 1
A person with a defective "P" gene might only have it effect the EYES A person with a defective "P" gene might only have it effect the EYES
A person with a defective "P" gene might only have it effect the Hair A person with a defective "P" gene might only have it effect the Hair
First-pass effect. First-pass effect.
Insolation and the Greenhouse Effect Insolation and the Greenhouse Effect
Greenhouse effect. Greenhouse effect.
Video: Regulation of GFR: autoregulation via myogenic mechanism Myogenic mechanism

For a complete list of videos, visit our video library