Henry must choose between going to his psychology class this evening or going on a date. If he chooses to go on the date, which of the following statements about the expected value of the psychology lecture is most accurate?
A) It is likely greater than the expected marginal benefit from going on the date.
B) It is impossible to compare to the expected enjoyment from going on a date.
C) It is likely equal to the expected marginal benefit from going on the date.
D) It is likely less than the expected marginal benefit from going on the date.

Question

Quizplus · Accepted Answer

Since Henry is choosing between going to class or going on a date, he must weigh the benefits of each option. If he chooses to go on the date, the expected marginal benefit is likely higher than the expected value of the psychology lecture because he values spending time with his date more than attending class. Therefore, the best choice for Henry would be going on the date.

Henry Must Choose Between Going to His Psychology Class This