One Major Consequence of the Framing Effect Is That

One major consequence of the framing effect is that

A) people may spend more to insure themselves against rare events but leave themselves uninsured against more common events.
B) someone could persist in pursuing a failed policy despite overwhelming evidence of the failure.
C) major business projects may create bottlenecks in the organization because they are not completed as scheduled.
D) decision makers may make faulty decisions if they are lulled by the environment in which they are making their decisions.

Correct Answer:

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