The Continuity Assumption Holds That Consumers Substitute

question 39

Multiple Choice

The continuity assumption holds that consumers substitute:

• A)the present value for a stated risky prospect accurately.
• B)their preferences under certainty for those under risk accurately.
• C)the expected value for a stated risky prospect accurately.
• D)compound probabilities for simple probabilities accurately.

---

Definitions:

Preparing Test Materials

The process of creating and organizing assessments, quizzes, or exams to evaluate knowledge or skills.

Representative Users

Individuals selected to typify or stand in for the broader user base in usability testing or research.

Subject-Matter Experts

Individuals who possess extensive knowledge or specialization in a particular area or topic, often consulted for their expertise.

Usability Experts

Professionals specialized in evaluating and enhancing the ease of use, efficiency, and satisfaction provided by products or systems.