According to prospect theory, when will people avoid risks?

A) always, as it is a rational choice model
B) when evaluating potential gains
C) when evaluating potential losses
D) when base rates are ignored


B) when evaluating potential gains

Psychology

You might also like to view...

Which secosteroid hormone is metabolised in the liver and kidney and normally arises in the skin from sunlight or comes from food such as oily fish or from supplements?

A. vitamin D B. iron C. vitamin B12 D. progesterone

Psychology

The social movements in the U.S. in the 1960s and the rise of humanism at the same time in psychology were similar in their ____

a. ?emphasis on freedom of choice and self-determination b. ?rejection of government and all forms of social structure c. ?belief in the animalistic nature of humans d. ?cceptance of the importance of social norms and prescribed codes of behavior

Psychology

A correlation coefficient represents two things: _____ and _____

a) a sample; strength. b) the strength; direction of the relationship. c) the direction; a cause. d) the relationship; expectant functionality.

Psychology

If a psychologist tests whether a new teaching method is more effective than the old one, the research hypothesis is that

A) the new teaching method is more effective than the old teaching method. B) the old teaching method is more effective than the new teaching method. C) there is no difference in effectiveness of the old and new teaching methods. D) there is a difference in effectiveness between the two methods, but no prediction is made.

Psychology