Multiple Choice
When deciding between playing a lottery with an 80 percent chance of winning $4,000 or receiving $3,000 outright, most people choose the _____ because of the _____.
A) lottery; preference for variable rewards
B) lottery; rational choice theory
C) $3,000; sunk-cost fallacy
D) $3,000; certainty effect
Correct Answer:
Verified
Correct Answer:
Verified
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