Question: Question 2 1 p t s The decoy effect occurs when: customers choose a decoy rather than the item that provides the greatest satisfaction. people's
Question
The decoy effect occurs when:
customers choose a decoy rather than the item that provides the greatest satisfaction.
people's preferences are consistent, regardless of how many additional options are offered.
people's preference for one option over another changes as a result of adding a third similar but less attractive option.
people's preference for one option over another changes as a result of adding a third similar but more attractive option.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
