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Scorpion4ik [409]
3 years ago
5

Fred just purchased an expensive new refrigerator and is considering purchasing the overpriced warranty. In making his decision

on the warranty, Fred ignores better ways that his money could be spent, including paying off high-interest credit card debt. According to prospect theory, the process that leads Fred to ignore the debt and buy the overpriced warranty is anchoring. confirmation bias. framing bias. mental accounting.
Social Studies
1 answer:
Nikolay [14]3 years ago
8 0

Answer:

anchoring

Explanation:

In simple words, The anchoring phenomenon can be understood as the cognitive prejudice in which a single comparison source or 'anchor' influences a person's judgments. Following the setting of the anchoring number, a person 's future statements, estimations, and so on may differ from what things might have remained sans the anchor.

Thus, from the above we can conclude that the correct answer is anchor.

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Answer:

The answer is the items at the end of the list.

Explanation:

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7 0
3 years ago
When Elaine accepted a position with Cannon Corporation in Dallas, Texas she felt uneasy. She was new to the area and new to thi
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Answer: Apparently, her new job satisfies Elaine's SOCIAL needs

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Joining a volley ball helped Elaine to find people who will support her emotional when she may struggle with being in a new area or who are even helping her get around the city and know where to find what when she needs it.

7 0
3 years ago
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Answer:

The War of 1812

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