The certainty effect occurs when people put ________ weight on outcomes that they consider to be ________ relative to ________ outcomes.
A) excessive; certain; risky.
B) low; certain; risky.
C) low; recurring; rare.
D) excessive; risky, certain.

Question

Quizplus · Accepted Answer

The certainty effect occurs when people give excessive weight to outcomes that are certain, as opposed to those that are risky, showing a preference for sure outcomes over gambles with higher or equal expected values.

The Certainty Effect Occurs When People Put ________ Weight on Outcomes