Which of the following describes the pseudocertainty effect?
A)People are more willing to pay to reduce their risk from 10% down to zero than they are to reduce their risk from 50% down to 40%.
B)People are more willing to pay for a warranty plan that completely covers 30% of the possible problems rather than a plan that covers all problems with 30% probability.
C)Rather than being offered a complete reduction of risk on certain problems and no reduction on others, you are offered a reduced risk on a variety of problems.
D)All of the above.

Question

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The Answer of Which of the following describes the pseudocertainty effect?
A)People are more willing to pay to reduce their risk from 10% down to zero than they are to reduce their risk from 50% down to 40%.
B)People are more willing to pay for a warranty plan that completely covers 30% of the possible problems rather than a plan that covers all problems with 30% probability.
C)Rather than being offered a complete reduction of risk on certain problems and no reduction on others, you are offered a reduced risk on a variety of problems.
D)All of the above.

Which of the Following Describes the Pseudocertainty Effect