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One restaurant you know of offers a "cash discount" and another charges a "credit card fee." Even though you end up paying the same amount for your meals at both restaurants, you feel like the cash discount
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42 votes
42 votes
One restaurant you know of offers a "cash discount" and another charges a "credit card fee." Even though you end up paying the same amount for your meals at both restaurants, you feel like the cash discount is a good deal and that the credit card fee is unjust. This is due to which decision making bias?

A. Framing Effects
B. Base Rate Bias
C. Misconceptions of chance
D. Misunderstanding Conjunctive Even

User Lapk
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1 Answer

15 votes
15 votes
This is due because of framing effects.
User Rashedul Islam Sagor
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3.0k points
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