While bargaining for an item at a flea market, Mark doesn't get the best price for an item he wanted. Rosa believes it is because Mark was aloof and not as friendly. When Rosa doesn't get the best deal at another bargain, she claims it was because the salesman wasn't being very friendly and understanding to her needs. This phenomenon is called:Question 30Select one:a.Actor-observing biasb.Fundamental attribution errorc.Self-concept errord.None of the above

The following experiment was carried out withundergraduates at Duke University. Theresearchers divided participants into two groups. One group was asked to state the highestprice they would pay for a ticket to the NCAA Final Four basketball tournament,a highly prized item on campus. The other group was told to imagine they hadsuch a ticket and was asked for the lowest price at which they would be willingto sell it. The median selling price was $1,500; the median buying price was$150. Which of the following bias(es) might explain why the buying and sellingprices were so different? Please selectall that apply.1 point Regret Theory Loss Aversion Endowment Effect Disposition Effect

Martin received a standing ovation when he presented last quarter's results at work. He claims it was due to all his hard work and hours he put into the project. However, when later down the road he was written up for missing a deadline on a different project, he claimed it was because there wasn't enough time and his teammate was not being cooperative to finish the project. This phenomenon is called:Question 11Select one:a.Fundamental attribution errorb.Actor-observing biasc.Attribution biasd.Self-serving biase.None of the above

Many consumers shrink from buying either the highest- orlowest-priced item among a group of similar items, seeming to prefer somethingin between. For example, retailer Williams-Sonoma Inc. was able to increasesales of its $275 bread machine by adding a second, slightly larger model toits catalogue at a price of just over $400. And Xerox Corp. at one time boostedsales of its high-volume copier to large corporations by introducing ahigher-priced model with a few extra bells and whistles. Which one of the following biases best explains this effect?1 pointAnchoringDispositionEffect Availability Heuristic HouseMoney Effect Framing StatusQuo Bias

occurs when a person takes the credit for success but casts blame on others when things go wrong.Group of answer choicesAttribution theorySelf-serving biasFundamental attribution errorSelective behaviour theory

Fundamental attribution errorMultiple Choiceis defined as the scientific study of how people's thoughts, feelings, and actions are affected by others.involves evaluations of a particular person, behavior, belief, or concept.is the tendency to overattribute others’ behavior to dispositional causes and the corresponding failure to recognize the importance of situational causes.studies message interpretation characterized by thoughtful consideration of the issues and arguments used to persuade.