Would you pay 3.75 for a gallon of gas? and How much would you be willing to pay for a gallon of gas? are two ways of asking the same question about preferences. This is an example of ______________.
a. transitivity c. intransitive choices
b. dualism d. procedural invariance
Question 2
The expected value or worth of an outcome at the time of decision is referred to as the ______________.
a. decision utility c. marginal utility
b. expected utility d. experienced utility
