Author Question: Lowenstein & Issacharoff (1994) gave subjects mugs and found that a. those that thought they ... (Read 14 times)

piesebel · **on:** Jun 20, 2018

Lowenstein & Issacharoff (1994) gave subjects mugs and found that

a. those that thought they earned the mug placed a higher selling price on it.
b. those that thought they earned the mug refused to sell it.
c. those that were told they were random recipients of the mug placed a higher selling price on it.
d. those that were told they were random recipients of the mug refused it.

Question 2

Utility is the

a. subjective value of an outcome. c. estimated probability of an outcome.
b. objective value of an outcome. d. estimated frequency of an outcome.