Author Question: For many people, a 50-50 flip of a coin for 100 might not be worth as much as a sure promise of 50, ... (Read 20 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
For many people, a 50-50 flip of a coin for 100 might not be worth as much as a sure promise of 50, even though the gamble is mathematically worth twice as much as the sure thing. This is an example of ________.
 
  A) selective perception
  B) self-serving bias
  C) risk aversion
  D) availability bias
  E) confirmation bias

Question 2

Which of the following statements is true regarding negotiation?
 
  A) A lack of emotion improves performance during negotiation.
  B) Feeling bad about your performance in a negotiation is likely to improve future performance.
  C) Displaying negative emotions, such as anger, is ineffective.
  D) Feeling bad about your performance appears to improve future negotiations.
  E) A negative emotional state enhances performance.


bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

C
Explanation: C) Risk aversion represents a tendency to prefer a sure thing over a risky outcome. Thus preferring a sure promise of 50 represents the tendency to prefer a sure thing over a risky outcome.

Answer to Question 2

A
Explanation: A) Although moods and emotions have benefits at work, in negotiation, emotions may impair negotiator performance. Therefore, those lacking in emotion make the best negotiators.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

For a complete list of videos, visit our video library