Question
Read the article titled Doing Better but Feeling Worse: The Paradox of Choice? by Barry Schwartz and Andrew Ward, the link to the pdf is
Read the article titled "Doing Better but Feeling Worse: The Paradox of Choice?" by Barry Schwartz and Andrew Ward, the link to the pdf is below
https://www.swarthmore.edu/SocSci/bschwar1/Choice%20Chapter.Revised.pdf
Then answer the following questions.
a.)Explain what the "paradox of choice" is.
b.) Explain the difference between "maximizing" and "satisficing."
c.)How does increasing alternatives impact satisfaction with the selected option?How is this related to the concept of opportunity cost?
Answer question d) and e) from the link below;
https://www.psychologistworld.com/cognitive/maximizer-satisficer-decision-making-quiz
d.)Would you classify yourself more as a "maximizer" or a "satisficer"?
e.)Which do you think is more conducive to individual happiness?Utility maximization or satisficing? Explain
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