regulatoryBody NABARD Grade A Prelims Mock Test 2024 Management Concepts of Management Decision Making
Which of the following describes the "Decoy Effect" in decision-making?
1
The influence of an inferior option on the preference between two superior options
2
The preference for an option that maximizes gains
3
The tendency to stick with a familiar option
4
The influence of the order in which options are presented
5
The preference for a guaranteed outcome over a risky one