« previous next »

Author Question: Explain how the pseudocertainty effect can adversely affect ... (Read 13 times)

bb

  • Hero Member
  • *****
  • Posts: 544
on: Jul 24, 2018
Explain how the pseudocertainty effect can adversely affect decision-making.

Question 2

People generally perceive a scenario offering a complete elimination of risk for one subset of problems (and no reduction in risk for the others) much more favorably than a scenario offering the same (but not complete) reduction in risk for all problems. This is an example of what psychological effect?


bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 24, 2018
Answer to Question 1

EVEN THOUGH THE EXPECTED VALUES ARE THE SAME, THE PERCEIVED BENEFITS ARE DIFFERENT DEPENDING ON HOW THE OFFER IS MADE.

Answer to Question 2

THE PSEUDOCERTAINTY EFFECT


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Experimental evidence of the effect of allelochemicals on plant production. Experimental evidence of the effect of allelochemicals on plant production.
Effect of pH on oxygen binding to hemoglobin Effect of pH on oxygen binding to hemoglobin
The Greenhouse Effect: Influences on Temperature The Greenhouse Effect: Influences on Temperature
Effect of pH on drug absorption. (a) A weak acid such as aspirin (ASA) is in a nonionized form in an ... Effect of pH on drug absorption. (a) A weak acid such as aspirin (ASA) is in a nonionized form in an ...
Mechanisms to Explain the Effects of Massage Mechanisms to Explain the Effects of Massage
Effect of dietary fats on high- and low-density cholesterol levels Effect of dietary fats on high- and low-density cholesterol levels
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library