Solved

The Framing Bias Makes Specific Predictions About How People Will

Question 27

Multiple Choice

The framing bias makes specific predictions about how people will behave when faced with a sure course of action versus a gamble.Which of the following best describes the effects of the framing bias?


A) People are risk-averse (i.e.,preferring a sure thing) for both gains and losses.
B) People are risk-seeking (i.e.,preferring a gamble) when choosing among gains and losses.
C) People tend to be risk-averse when choosing among gains,but risk-seeking when choosing among losses.
D) People tend to be risk-seeking when choosing among gains,but risk-averse when choosing among losses.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions