The concept of 'Framing Effects' demonstrates that:
A. The way in which a choice is presented can systematically affect decisions even when the underlying outcomes are identical
B. Preferences are completely invariant to description
C. Framing never affects choices
D. Only the objective outcomes matter
Answer: Option A
Solution (By JKSSB Mock Tests)
Framing effects occur when logically equivalent descriptions of the same decision problem lead to different choices, violating the invariance assumption of standard rational-choice theory.
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