Figure 27-2

question 110

Multiple Choice

Figure 27-2.The figure shows a utility function for Britney.
-Refer to Figure 27-2.Suppose Britney begins with $1,050 in wealth.Which of the following coin-flip bets would she definitely not be willing to accept?

• A)If it is "heads," she wins $100;if it is tails,she loses $95.
• B)If it is "heads," she wins $150;if it is tails,she loses $150.
• C)If it is "heads," she wins $150;if it is tails,she loses $140.
• D)She definitely would not accept any of these bets.

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Definitions:

Role Playing

A method of learning or behavior change that involves acting out roles in specific scenarios, often used in training or therapeutic settings.

Fundamental Attribution Error

The tendency to over-emphasize personality traits and underestimate situational factors when explaining another's behavior.

Cognitive Dissonance

The mental discomfort or psychological stress experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Foot-In-The-Door Phenomenon

A psychological principle where agreeing to a small initial request increases the likelihood of agreeing to a larger request later.