Casinos make their interiors very plush and expensive looking, knowing that gamblers who would be reluctant...
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Casinos make their interiors very plush and expensive looking, knowing that gamblers who would be reluctant to make a $10 bet in average surroundings would gladly make $100 wagers in luxurious surroundings. Which of the following best explains gamblers' behavior? O The luxurious surroundings increase the probability of classical conditioning through mere exposure, which results in behavior that is not rational. The functional risk of gambling is decreased in luxurious surroundings, leading gamblers to wager more. Most people are unaware of the true risk of making certain decisions and believe that a larger wager has higher odds of winning. O Mental accounting emphasizes the extraneous characteristics of the choice environment even if the results are not rational. Les just bought a megaphone of root beer. As he drinks from the giant cup, he eventually becomes full. One of his friends' comments, "If you don't stop drinking that stuff, you will get sick." Les replies, "Hey, I bought it, and I am not going to waste one drop of it." Les's behavior best illustrates O loss aversion the sunk-cost fallacy hyperopia risk positioning Casinos make their interiors very plush and expensive looking, knowing that gamblers who would be reluctant to make a $10 bet in average surroundings would gladly make $100 wagers in luxurious surroundings. Which of the following best explains gamblers' behavior? O The luxurious surroundings increase the probability of classical conditioning through mere exposure, which results in behavior that is not rational. The functional risk of gambling is decreased in luxurious surroundings, leading gamblers to wager more. Most people are unaware of the true risk of making certain decisions and believe that a larger wager has higher odds of winning. O Mental accounting emphasizes the extraneous characteristics of the choice environment even if the results are not rational. Les just bought a megaphone of root beer. As he drinks from the giant cup, he eventually becomes full. One of his friends' comments, "If you don't stop drinking that stuff, you will get sick." Les replies, "Hey, I bought it, and I am not going to waste one drop of it." Les's behavior best illustrates O loss aversion the sunk-cost fallacy hyperopia risk positioning Casinos make their interiors very plush and expensive looking, knowing that gamblers who would be reluctant to make a $10 bet in average surroundings would gladly make $100 wagers in luxurious surroundings. Which of the following best explains gamblers' behavior? O The luxurious surroundings increase the probability of classical conditioning through mere exposure, which results in behavior that is not rational. The functional risk of gambling is decreased in luxurious surroundings, leading gamblers to wager more. Most people are unaware of the true risk of making certain decisions and believe that a larger wager has higher odds of winning. O Mental accounting emphasizes the extraneous characteristics of the choice environment even if the results are not rational. Les just bought a megaphone of root beer. As he drinks from the giant cup, he eventually becomes full. One of his friends' comments, "If you don't stop drinking that stuff, you will get sick." Les replies, "Hey, I bought it, and I am not going to waste one drop of it." Les's behavior best illustrates O loss aversion the sunk-cost fallacy hyperopia risk positioning Casinos make their interiors very plush and expensive looking, knowing that gamblers who would be reluctant to make a $10 bet in average surroundings would gladly make $100 wagers in luxurious surroundings. Which of the following best explains gamblers' behavior? O The luxurious surroundings increase the probability of classical conditioning through mere exposure, which results in behavior that is not rational. The functional risk of gambling is decreased in luxurious surroundings, leading gamblers to wager more. Most people are unaware of the true risk of making certain decisions and believe that a larger wager has higher odds of winning. O Mental accounting emphasizes the extraneous characteristics of the choice environment even if the results are not rational. Les just bought a megaphone of root beer. As he drinks from the giant cup, he eventually becomes full. One of his friends' comments, "If you don't stop drinking that stuff, you will get sick." Les replies, "Hey, I bought it, and I am not going to waste one drop of it." Les's behavior best illustrates O loss aversion the sunk-cost fallacy hyperopia risk positioning
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Managing Business Ethics Making Ethical Decisions
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