If we learn that something is on sale for a very low price,we may evaluate its other attributes more favorably than we otherwise would.This is an example of which of the following?
A) availability bias
B) the halo effect
C) escalation of commitment
D) framing

Question

Quizplus · Accepted Answer

The given scenario is an example of the halo effect, where a positive impression of one aspect of something or someone influences our overall perception of it. In this case, the low price leads to a positive impression, and we tend to evaluate other attributes more favorably. Option A (availability bias) refers to the tendency to rely on readily available information while making a decision. Option C (escalation of commitment) is the phenomenon of sticking to a decision despite negative outcomes. Option D (framing) refers to the context in which information is presented, influencing our decision-making process.

If We Learn That Something Is on Sale for a Very