Instead of asking you for a donation of any amount, a charity might ask you to choose

Question:

Instead of asking you for a donation of any amount, a charity might ask you to choose $25, $50, $100, $250, or $500. Why would the charity organization use this strategy, and what concept of behavioral economics is being used here?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

Question Posted: