Consider the Following Payoff Table

question 45

Multiple Choice

Consider the following payoff table. Based upon these probabilities, a person would select Alternative 3.Suppose there is concern about the accuracy of these probabilities.A few of the analysts feel that the likelihood of State 1 is higher and that the likelihood of State 2 is much lower.If the likelihood of State 2 is reduced at the expense of State 1, how much lower can State 2's likelihood fall before Alternative 3 is no longer optimal?

• A)0.05
• B)0.06
• C)0.07
• D)0.08

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Definitions:

Avoiding Punishment

Engaging in behavior with the aim to prevent, escape from, or decrease the likelihood of negative consequences or sanctions.

Variable Interval Schedule

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, leading to a variable response pattern.

Variable Ratio Schedule

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, leading to a high and steady rate of response.

Fixed Interval Schedule

A reinforcement schedule that rewards the first response after a predetermined period has passed.