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Author Question: An eBay seller noticed an interesting thing while listing her products on eBay. If she listed her ... (Read 47 times)

segrsyd

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on: Jul 7, 2018
An eBay seller noticed an interesting thing while listing her products on eBay. If she listed her items with a high starting bid, she would not get any bids.
 
  However, if she started her items out at a lower starting bid, she would often sell them for more money than the high starting bid she had assigned other items. This MOST LIKELY reason for this is ________ .
  A) an escalation of commitment by the buyer
  B) buyer's remorse
  C) use of the availability heuristic
  D) use of the representative heuristic

Question 2

The shock to the system helps to explain:
 
  A) hangover effect.
  B) decision frames.
  C) honeymoon effect.
  D) voluntary turnover.


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Leostella20

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Reply #1 on: Jul 7, 2018
Answer to Question 1

A

Answer to Question 2

D


segrsyd

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Reply 2 on: Jul 7, 2018
Great answer, keep it coming :)

recede

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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