Researchers (Knox & Inkster, 1968) Visited a Race Track and Interviewed

Multiple Choice

Researchers (Knox & Inkster, 1968) visited a race track and interviewed people betting on the horses, both before and after they had placed their bets. They found that people who __________ were more confident in their betting decisions because __________.

A) had already placed their bets; their bets changed the odds
B) had already placed their bets; they couldn't change their minds
C) had placed small, two-dollar bets; they stood to lose less
D) were waiting to place large bets; they reported more experience