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Author Question: One day, a tree on the Lakewood Golf Course was hit by lightning. The following weekend, Galen ... (Read 46 times)

jwb375

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on: Jun 19, 2018
One day, a tree on the Lakewood Golf Course was hit by lightning. The following weekend, Galen continues his golf game near that tree during a thunderstorm because he is certain that lightning will not strike there twice. Galen's decision is based on ____.
 
  a. gambler's fallacy
  b. probability heuristic
  c.  loss aversion
  d. multi-attribute decision making

Question 2

After watching the winner of American Idol tell her story of going from a simple girl to a famous singer, Sun was convinced that she too could be on the show and become famous. Suns reaction demonstrates how people tend to ____.
  exaggerate the expected value of a future outcome
 
  a. overestimate the probability of unlikely events
  b. believe that future events in a random process will be affected by past events
  c.
  d. ignore negative evidence when making a decision


AmberC1996

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Reply #1 on: Jun 19, 2018
Answer to Question 1

ANSWER:
a

Answer to Question 2

ANSWER:
a


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