Multiple Choice
A gambler offers random individuals a chance to make a bet.A fair coin will be flipped,if it comes up heads,he will pay them $100,but if it comes up tails,they will lose $100.Given what you know about common cognitive biases,what will most individuals do and why?
A) Most people will take the bet because of the optimism bias.
B) Most people will take the bet because of belief perseverance.
C) Most people will choose not to take the bet because of belief perseverance.
D) Most people will choose not to take the bet because of loss aversion.
Correct Answer:
Verified
Correct Answer:
Verified
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