Which of the Following Chances Has the Biggest Expected Return

question 162

Multiple Choice

Which of the following chances has the biggest expected return?

• A) a 100% chance of getting $1,500
• B) a 60% chance of winning $3,000 and a 40% chance of winning $0
• C) a 50% chance of winning $3,000, 20% chance of winning $6,000 and a 30% chance of losing $6,000
• D) All of the above have the same expected return.

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Definitions:

Neuroticism

A personality trait characterized by the tendency to experience negative emotions, such as anxiety, sadness, and anger, more frequently and intensely than others.

Quick Temper

A personality trait characterized by rapid onset of anger or irritation in response to triggers, often with little provocation.

Cross-Cultural Research

A rephrased definition: The scientific study aimed at comparing cultural forms of expression, behavior, and social structures among different cultures.

Biological Basis

The underlying physical and biological mechanisms that contribute to behavior, cognition, and emotions in humans and animals.