Ali is having a garage sale. He is trying to sell an old alarm clock for $20, an old pair of sneakers for $40, and an old TV set for $100 . These prices are way too high. Since Ali owns these products, they seem to him to be more valuable than they really are. This phenomenon is known by social psychologists as ____

a. lateral shrinkage
b. product affinity
c. personal use shrinkage
d. the mere ownership effect


D

Psychology

You might also like to view...

The Stroop effect demonstrates people's inability to ignore the __________ of words.

A. meaning B. color C. size D. font

Psychology

Cocaine produces selective tolerance, meaning that a user ______.

A. can feel little high from cocaine but still be at risk for an overdose B. will need to take much more cocaine than needed to obtain psychological effects in order to be at risk of an overdose C. may feel little psychological high from cocaine but will also be protected against an overdose D. is very likely to overdose during one of their first times using cocaine

Psychology

Which of the following pairings of disorder and treatment is correct?

a. cingulotomy: obsessive-compulsive disorder b. ECT: anxiety disorders c. lithium: depression d. Prozac: schizophrenia

Psychology

Ralph sees his new door-to-door sales job as a threat because he sometimes encounters hostile strangers. Tom views the same job as a chance to meet an interesting variety of people. Their emotional responses will almost surely differ due to differences in their

a. primary appraisals. b. cortical emotions. c. secondary appraisals. d. perceptual sets.

Psychology