Researchers (Knox & Inkster, 1968) visited a race track and interviewed people betting on the horses, both before and after they had placed their bets. They found that people who ________ were more confident in their betting decisions because ________

a. had already placed their bets; their bets changed the odds
b. had already placed their bets; they couldn't change their minds
c. had placed small, two-dollar bets; they stood to lose less
d. were waiting to place large bets; they reported more experience


Answer: B

Psychology

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