Draw a utility curve and state the important features of decision making represented by the curve
What will be an ideal response?
Answer: Students should reproduce Figure 9-4. The important features of decision making represented by the curve include (1) there is a minimal marginal utility effect represented by the flattening of the curve, and (2) loss aversion is represented in the curve by the steeper slope of the loss compared to the gains portion of the curve.
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The owner of a store that buys and sells used books has just purchased one written by Sigmund Freud. The book was is most likely about:
a. a set of innate principles of perception b. psychoanalysis c. how environmental changes effect behavior d. natural selection
After the opera, your companion asks you about your response to the performance. According to Amos Tversky and Daniel Kahneman, if you are like most people, you will
a. develop a mental chart listing the pros and cons of the performance. b. rely on heuristics to derive an opinion about the performance. c. ask your friend what he thought before you make a judgment. d. use a formal deductive reasoning procedure.
According to Bartholomew and Horowitz, people with avoidant attachment can be further divided in to which two subgroups?
a. Dismissive and hateful b. Dismissive and fearful c. Dismissive and anxious d. Dismissive and ambivalent
Adolescents who talk about suicide are only venting their feelings and do not really intend to kill themselves.
Indicate whether the statement is true or false