The study of how people perceive and misperceive risks is known as _____.
A) priority theory
B) satisficing theory
C) game theory
D) prospect theory

Question

Quizplus · Accepted Answer

The study of how people perceive and misperceive risks is known as prospect theory. Option A (priority theory) is not related to the study of risk perception, Option B (satisficing theory) is a decision-making theory, and Option C (game theory) is a mathematical theory used in economics and social sciences.

The Study of How People Perceive and Misperceive Risks Is