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Author Question: In the book demonstration where you lose 10 or you lose a theater ticket, and are faced with the ... (Read 72 times)

cabate

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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


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srodz

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Reply #1 on: Jun 20, 2018
Answer to Question 1

Answer: c

Answer to Question 2

Answer: b


cabate

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Reply 2 on: Jun 20, 2018
Great answer, keep it coming :)

Sarahjh

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Reply 3 on: Yesterday
Excellent

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