Question

Your city newspaper publishes a "Best of" poll that lists its readers' favorite restaurants. Mundo Bar and Grill is ranked as the best casual restaurant. Your best friend had dinner at Mundo Bar and Grill last week and commented that the food was mediocre and the service was slow. You decide not to have dinner at Mundo Bar and Grill based on your friend's experience. Your decision illustrates that people
a. are reluctant to change their minds.
b. are overconfident.
c. give too much weight to a small number of vivid observations.
d. are satisficers.

Answer 1

Answer:

The correct answer is the option C: give too much weight to a small number of vivid observations.

Explanation:

To begin with, in the case that a close friend had told you that he had a bad experience in a certain place, a restaurant in particular this time, does not states the fact that it will always be like that for every person that goes to that place because it may have been a bad day for the employees and that impacts at their work while if you go any other day every detail is taking care nicely. Therefore that the people give too much  weight to small number of vivid observations due to the fact that the article published in the newspaper must have been made with over dozens of observations and comments, not just one, and the major agreement is that those places are good ones to go to eat.

Answer 2

Answer:

The answer is option D) My decision illustrates that people are satisficers

Explanation:

Satisficers are people who want good enough and n this case, the opinion of my best friend about Mundo Bar and grill helped in my decision making process.

Satisficers are individuals who are pleased to settle for a good enough option, not necessarily the very best outcome in all respects.

A satisficer is less likely to experience regret, even if a better option presents itself after a decision has already been made.He is a pragmatic individual who makes decisions based on meeting requirements in a timely manner, finding the “good enough” solution and moving on. The word is a portmanteau of the words satisfy and suffice.

Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met