Based on the studies of human decision making, which of the following statements is correct?
A)Most people are not bothered by perceived unfairness as long as they receive some compensation, even if the amount is very small.
B)Most people are very willing to change their minds.
C)Many people's preferences are inconsistent over time.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Studies have shown that many people's preferences are inconsistent over time. Option A is incorrect because people do care about perceived unfairness, even if the compensation is small. Option B is also incorrect as studies have shown that people tend to stick to their initial decisions even when presented with new information.

Based on the Studies of Human Decision Making, Which of the Following