Question: Ask five people if they would consider purchasing at an airport an insurance policy covering the loss of life connected to an upcoming flight. Give
Ask five people if they would consider purchasing at an airport an insurance policy covering the loss of life connected to an upcoming flight. Give them the choice to pay $10 for one of the following. A life insurance policy pays $10,000. An accidental death insurance policy pays $10,000. A terrorism death insurance policy pays $10,000. After getting the answer, ask each person to estimate, How many total people died while flying Delta, United, Southwest, American, or Jet Blue in the past 10 years? From the answers to both questions, do you think those people have a good understanding of the risk of flying? Explain your reasoning
Ask five people if they would consider purchasing at an airport an insurance policy covering the loss of life connected to an upcoming flight. Give them the choice to pay $10 for one of the following.
- A life insurance policy pays $10,000.
- An accidental death insurance policy pays $10,000.
- A terrorism death insurance policy pays $10,000.
After getting the answer, ask each person to estimate, How many total people died while flying Delta, United, Southwest, American, or Jet Blue in the past 10 years? From the answers to both questions, do you think those people have a good understanding of the risk of flying? Explain your reasoning
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