How are a person’s judgments affected by the way choices are framed? Give an example of a choice framed in terms of gains and an example of a choice framed in terms of losses. Which decision-making strategy is likely to be used in each case? Why?
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How are a person’s judgments affected by the way choices are framed? Give an example of a choice framed in terms of gains and an example of a choice framed in terms of losses. Which decision-making strategy is likely to be used in each case? Why?
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