Alexis is participating in a perception experiment where she will be paid $10 for every letter she sees flashed briefly on a computer screen.If Alexis says there is a letter but there is not,she is not penalized - she just does not receive $10 for those responses.Given this situation,Alexis will do well financially to set her decision criterion ______.

Question

Quizplus · Accepted Answer

Setting a low decision criterion means that Alexis will be more likely to say that she sees a letter even if it's not actually there, which will result in more false alarms. However, it will also increase the number of "hits" (correct detections) she makes, because she will be more likely to say "yes" when there actually is a letter on the screen. Overall, this strategy will maximize her earnings because she is not penalized for false alarms, but will receive $10 for each correct detection.

Alexis Is Participating in a Perception Experiment Where She Will