When deciding between playing a lottery with an 80 percent chance of winning $4,000 or receiving $3,000 outright, most people choose the _____ because of the _____.
A) lottery; preference for variable rewards
B) lottery; rational choice theory
C) $3,000; sunk-cost fallacy
D) $3,000; certainty effect
Correct Answer:
Verified
Q125: Means-end analysis was first described by:
A)Friedrich Gauss.
B)Amos
Q126: Which of these is NOT a strategy
Q127: Prospect theory assumes that people are more
Q128: When presented with a problem, the first
Q129: Sarah is experiencing extreme financial difficulties, and
Q131: Emotional reactivity was measured by the galvanic
Q132: The frequency format hypothesis suggests that people
Q133: According to the frequency format hypothesis, probability
Q134: People who frequently engage in risky behaviors
Q135: Friends and colleagues noticed a change in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents