The concept of 'Framing Effects' demonstrates that:
A. Framing never affects choices
B. Preferences are completely invariant to description
C. The way in which a choice is presented can systematically affect decisions even when the underlying outcomes are identical
D. Only the objective outcomes matter
Answer: Option C
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.
Which of the following is a characteristic of the 'Just Energy Transition Partnerships'?
A.Only rapid phase-outs without social safeguards
B.International partnerships that provide financial and technical support to developing countries for a just and equitable transition away from coal and other fossil fuels
C.Only private-sector initiatives without public finance
D.Only domestic energy policies without international support
Explanation:
Just Energy Transition Partnerships are collaborative arrangements in which developed countries and international institutions mobilise finance and expertise to support developing countries in transitioning away from coal while protecting affected workers and communities.
No comments yet. Be the first to start the discussion!