According to the framing effect, when people think of decisions in terms of positive
outcomes, they are risk averse.
a. True
b. False
Joe is trying to decide where to eat dinner tonight. He considers the local restaurant
around the comer from his apartment, and recalls that the last time he ate there, the
service was poor and the food was cold when it arrived. He figures the chances of bad
service again tonight are high so he decides to go somewhere else. What heuristic is Joe
engaging in?
a. Representativeness heuristic
b. Availability Heuristic
c. Lexicographic Heuristic
d. The Price/Quality Heuristic
e. The Anchoring-and-Adjustment Heuristic
Which of following statements about attribute-based versus attitude-based choice is
false?
a. In attitude-based choice, people make choices based on overall evaluations of brands.
b. Attribute information is typically more accessible than attitude information, which
means the information is easier to recall.