Author Question: Which of the following demonstrates the endowment effect? A) If you received a good as a gift, ... (Read 104 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
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


Laurenleakan

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

For a complete list of videos, visit our video library