Use the Allais paradox to explain the behavior of contestants on game shows such as Deal or No Deal
What will be an ideal response?
Answer: The Allais paradox emphasizes the role of anticipated regret in decision making. In Deal or No Deal, contestants eliminate cases from a field to identify the case with the million- dollar prize. They eliminate a certain number of cases per round. At the end of each round, a banker makes them an offer. They must choose between taking the offer or continue playing the game in hopes of winning one million dollars. In the early rounds, the banker makes low offers. Contestants always continue because they think they will win more money if they do so. Accepting a low offer at that point would be "devastating." However, as contestants progress, the banker's offers increase. Based on probabilities, these later offers are often greater than what the contestants are likely to win yet they continue to play. In these later rounds, especially after the $1,000,000 has been eliminated, contestants continue because the consequences feel about the same so they opt for the higher expected value.
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a. males experience muscle tension and blood pressure increase, while females experience respiration rate increase. b. all females experience nipple erection. c. females have only psychological reactions. d. males and females experience vasocongestion.
If you asked people what has frustrated them recently, most of them tend to mention a(n)
a. personal frustration. b. external, nonsocial frustration. c. external, social frustration. d. frustration due to pressure.
Martha's sexual orientation is heterosexual, and she has always been able to speak openly with friends about her sexuality. Susan is a lesbian. She spent her teen years trying to understand and accept her orientation, and still is very careful in talking about her sexuality. In terms of the liberation perspective, what does Martha have that Susan does not?
a. cultural competence b. unearned privilege c. biculturality d. internalized oppression
Which of the following are among the ten leading causes of death for older adults?
a. suicide b. accidents c. homicide d. all of the above e. none of the above