Instead of asking you for a donation of any amount, a charity might ask you to choose

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Instead of asking you for a donation of any amount, a charity might ask you to choose $25, $50, $100, $250, or $500. Why would the charity organization use this strategy, and what concept of behavioral economics is being used here?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 17, 2023 05:46 AM

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Instead of asking you for a donation of any amount, a charity might ask you to choose

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Anchoring The charity might feel that somebody thinking abo...View the full answer

Exploring Economics

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