The final part of Chapter 12 discusses an ethical question: How should wealth be distributed? According to the research by Norton and Ariely (2011), U.S. residents
a. greatly underestimated the percentage of the total wealth that the top 20 of people have.
b. were actually very accurate in estimating the percentage of the total wealth that the top 20 of people have.
c. thought that the wealthiest 20 of people deserved to have the wealth that they actually possess.
d. thought that the poorest 20 of people deserved to have the low economic resources that they actually possess.
Question 2
Suppose that Kaitlin has a satisficing decision-making style, and she is shopping for a winter jacket. She would be most likely to
a. examine as many jackets as possible, taking into consideration their price, color, style, and warmth.
b. first select the two attributes that she considers most importantsuch as price and styleand focus on all jackets that meet these two criteria.
c. find a jacket that is good enough to meet her standards, even if it is not ideal.
d. create a list of pros and cons for the jackets that are acceptable, and choose the jacket on the basis of this list.
Ethical issues and aging
The pedigree from Part C is shown below.
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