If Given the Opportunity to Bet on a Coin Flip

question 165

Multiple Choice

If given the opportunity to bet on a coin flip that would pay them $100 if they are right and cost them $80 if they are wrong,most people _____ take the bet because _____.

• A)will;the odds are stacked in their favour
• B)will;the majority of people like to gamble
• C)will not;they will lose 50% of the time
• D)will not;losing $80 feels worse than does winning $100

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Definitions:

Excessive Amount

An amount that is much more than what is reasonable or necessary.

Cognitive Processes

Mental actions or operations that support learning, reasoning, memory, and problem-solving.

Puff of Air

A brief blast or gust of air, often used in experimental contexts to test sensory sensitivity or as a form of stimulus.

Blinking

The rapid closing and opening of the eyelid, a reflex action to protect the eye from irritants and help spread tears over the surface.