A Temperature Drop of How Much Led to the Earth's

question 16

Multiple Choice

A temperature drop of how much led to the Earth's Ice Age 30,000 years ago?

• A) about 1 degree Fahrenheit
• B) 2-4 degrees Fahrenheit
• C) about 5 degrees Fahrenheit
• D) 5-10 degrees Fahrenheit
• E) more than 10 degrees Fahrenheit

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Definitions:

Expected Winnings

The average amount one can expect to win or lose from a gamble or game, calculated by multiplying each possible outcome by its probability and summing the results.

Hyperbolic Discounting

A cognitive bias where people tend to prefer smaller, immediate rewards over larger, delayed rewards, affecting decision-making.

Exponential Discounting

A process or model that describes how future benefits or costs are valued less as they are further in the future.

Interest Rate

The fraction of the borrowed amount a borrower needs to pay as interest to the lender.