Asked by Vukosi Ellon on May 23, 2024

verifed

Verified

Those who believe that "there is no such thing as bad publicity" base this argument on which of the following ideas from behavioral economics?

A) The recognition heuristic will overcome any negative emotional associations.
B) The recognition heuristic will prevent people from incorporating negative information into their decision-making process.
C) Framing effects will diminish the negative emotions associated with most bad publicity.
D) Self-serving biases will make people "look the other way" and ignore bad publicity.

Recognition Heuristic

A cognitive shortcut where individuals give greater importance to options that they recognize over those they do not.

Behavioral Economics

A field of economic research that examines the psychological and emotional factors affecting people's economic decisions and actions.

  • Fathom the insights behavioral economics offers into the effects of cognitive biases and heuristics on decision-making behavior.
verifed

Verified Answer

SA
Sinai AnacletoMay 23, 2024
Final Answer :
A
Explanation :
The recognition heuristic suggests that people are more likely to favor or choose an option that they recognize, over one that they do not, regardless of any negative associations. This principle can explain why some believe there is no such as bad publicity, as increased recognition alone can positively influence decision-making or preferences, overshadowing negative aspects.