According to prospect theory, when faced with a decision, people first:

A) consider base rates and then make a decision that results in guaranteed utility.
B) calculate expected utility and then ignore alternative sources of information that may conflict with this subjective calculation.
C) simplify available information and then make a decision that offers the best value.
D) choose the best prospect and then seek out information to justify that decision.


C) simplify available information and then make a decision that offers the best value.

Psychology

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The effort to control, reduce, or tolerate the threats and challenges that lead to stress is known as

a. self-esteem. c. a psychosomatic disorder. b. drug addiction. d. coping.

Psychology

Jessica has worked her way up in her organization and is now a mid-level manager. She has treated her subordinates the same way her male counterparts treat theirs. Recently, Jessica has been passed over for several promotions

The jobs went to male coworkers who were possibly not quite as well qualified as Jessica. This situation probably represents ________. a) shifting standards b) the glass ceiling effect c) benevolent racism d) gender stereotypes

Psychology

What happens as a correlation approaches +1.00 or -1.00?

A. The two variables become interdependent of on each other. B. The strength of the relationship decreases. C. The strength of the relationship remains constant. D. The strength of the relationship increases.

Psychology

When Carrie was ready to select a career, she experienced environmental constraints when

A) her back went out a day before the job interview. B) her parents objected to her becoming a policewoman. C) she had second thoughts about her choice after a friend was injured on the job. D) she failed to pass the admission test the first time she took it.

Psychology