Refer to the Data Provided in Table 17 -Refer to Table 17

question 80

Multiple Choice

Refer to the data provided in Table 17.5 below to answer the following question(s) . The table shows the relationship between income and utility for Lucy.
Table 17.5
$$\begin{array} { | c | c | } \hline \text { Income } & \text { Total Utility } \\\hline \$ 0 & 0 \\\hline \$ 10,000 & 10 \\\hline \$ 20,000 & 20 \\\hline \$ 30,000 & 30 \\\hline \$ 40,000 & 40 \\\hline\end{array}$$
-Refer to Table 17.5. Lucy earns $20,000 annually. She has the opportunity to bet her entire salary on the upcoming super bowl. If Lucy takes the bet, she will pick the Packers. She believes that the Packers have a 50-50 chance of winning the game. If the Packers win, then Lucy will win $38,000. However, if they lose she loses her entire salary ($0) . Will Lucy take the bet?

• A) yes
• B) no
• C) maybe
• D) indeterminate from the given information

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Definitions:

Mild Shocks

Low-intensity electrical stimuli used in various psychological experiments to study behavior, learning, and perception.

Operant

An action that is performed on an environment and has consequences.

Reinforcer

In behavior psychology, a stimulus that increases the likelihood that a specific behavior will occur.

Unconditioned Stimulus

A stimulus that naturally elicits a reflexive response without the need for prior conditioning.