Answer the following statements true (T) or false (F)
1. The sunk-cost fallacy states that people tend to make poorer financial decisions when information is presented
2. Prospect theory assumes that people give a greater weight to outcomes that are certainties.
3. Prospect theory predicts that people will choose an 80% chance of winning $4,000 over $3,000 outright.
4. Prospect theory predicts that people will be more likely to take risks in order to achieve gains than to avoid
5. Prospect theory predicts that when given the choice between two options, people will choose the option associat
1. FALSE
2. TRUE
3. FALSE
4. FALSE
5. FALSE
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The dried leaves and flowers of the hemp plant make up the drug known as
a. psilocybin. b. marijuana. c. hashish. d. mescaline.
Describe the basics of time management
What will be an ideal response?
_____ include unambiguous test items, offer clients a limited range of responses, and have clear scoring guidelines.
A. Projective personality tests B. Objective personality tests C. Sentence completion tests D. Naturalistic observation techniques
Explain why memory is described as reconstructive.
What will be an ideal response?