Many people receive unsolicited calls from telemarketers or unwanted junk mailers advertising offers for products such as cable or internet services or cellular phone companies. Most people do not consider these offers and do not make a change to the plans or services that they receive because they do not want to make a decision that requires serious consideration or thought. This is an example of the bias.
a. actor-observer
b. dual systems
c. self-serving
d. status quo
Question 2
Juanita is in a convenience store considering which soda to buy. She recalls a commercial for BigFizz she saw on TV last night. BigFizz is running a promotion where you look under the bottle cap, and one in five bottles has a voucher for a free soda. If Juanita decides to purchase a BigFizz based on this promotion, which is framed in terms of , she will use a strategy.
a. losses; risk-taking
b. gains; risk-taking
c. losses; risk-aversion
d. gains; risk-aversion
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