Experiments Performed by Symes Et Al

question 53

Multiple Choice

Experiments performed by Symes et al. (2008) showed that, when participants had to pinch a button instead of grasping a lever on identifying a difference in a visual display, they were:

• A) always faster at pinching the button, no matter what the change in the display was.
• B) faster at detecting the difference between small items in the display.
• C) faster at detecting the difference between large items in the display.
• D) always slower at pinching the button, no matter what the change in the display was.

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Definitions:

Economists

Professionals who study how societies use resources to produce goods and services and distribute them among individuals.

Loss Aversion

The strong tendency to regard losses as considerably more important than gains of comparable magnitude—and, with this, a tendency to take steps (including risky steps) to avoid possible loss.

Affective Forecasting

Predicting one’s own emotional response to upcoming events.

Affective Forecasting

The process by which individuals predict their future emotional states in response to events or decisions.