According to expected utility theory, people should think about uncertain events in terms of:
A)the get-got gap
B)frequencies
C)gambles
D)selective thinking
E)the sunk cost effect

Question

Quizplus · Accepted Answer

Expected utility theory suggests that when facing uncertain events, people should evaluate them as gambles, considering the potential outcomes and their probabilities.

According to Expected Utility Theory, People Should Think About Uncertain