Choosing among alternatives in proportion to their success is called:
A) framing effects.
B) probability matching.
C) subjective probability.
D) subjective utility.

Question

Quizplus · Accepted Answer

Choosing among alternatives in proportion to their success is called probability matching. This means that an individual selects options in a manner that reflects the probabilities of success associated with each option. Therefore, option B, probability matching, is the best choice. The other options relate to different concepts, such as how information is presented (framing effects), an individual's personal assessment of the likelihood of an event occurring (subjective probability), and an individual's personal assessment of the value of an outcome (subjective utility).

Choosing Among Alternatives in Proportion to Their Success Is Called