Author Question: In the book demonstration where you lose 10 or you lose a theater ticket, and are faced with the ... (Read 118 times)

cabate · **on:** Jun 20, 2018

In the book demonstration where you lose 10 or you lose a theater ticket, and are faced with the dilemma of whether to purchase a second ticket or not, people who lose the ticket will be _______ likely to purchase the ticket, because of _______.

a) more; psychological accounting
b) more; expected utility
c) less; psychological accounting
d) less; expected utility

Question 2

When people estimate confidence intervals, they tend to provide intervals that are too ____, thus showing ____.

a) narrow; underconfidence
b) narrow; overconfidence
c) wide; underconfidence
d) wide; overconfidence