What is one reason a gambler might bet $1,000 that a sixteenth seed team will win the NCAA basketball tournament?
A) irrationality
B) overconfidence
C) exuberance
D) gambler's fallacy
Correct Answer:
Verified
Q111: Behavioral economics under uncertainty documents that
A) people's
Q112: Usury laws result in banks making less
Q113: Q114: Without usury laws,banks will Q115: Empirical evidence suggests that usury laws Q117: A risk-averse investor will decide whether or Q118: Kourtney invested $100 in a project that Q119: Prospect theory can explain why Q120: Michelle invested $50 in a project that Q121: The certainty effect occurs when people put
A) charge very high
A) help
A) people tend
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