Question

Last year, fiona had a yard sale. She marked the prices of items very reasonably, and she refused to reduce them when people tried to "deal." this year, she had another yard sale, but this time, she marked the prices of items quite high, and then reduced them by 50% or more when people asked to "deal." fiona was surprised to find that she made much more money this year. When she asks you why this might have happened, you explain how judgments can be affected by

Answer 1

Answer: contrasting effects

Explanation:

Last year, fiona had a yard sale. She marked the prices of items very reasonably, and she refused to reduce them when people tried to "deal." this year, she had another yard sale, but this time, she marked the prices of items quite high, and then reduced them by 50% or more when people asked to "deal." fiona was surprised to find that she made much more money this year. When she asks you why this might have happened, you explain how judgments can be affected by contrasting effects.

Contrast effect is simply the addition or the reduction in value to a particular thing. This in turn leads to us seeing that thing differently or analysing it in a different way when compared to a normal case. This perception affects our thoughts and behavior. From the scenario above, the judgments has been affected by contrasting effects.