Suppose a Researcher Is Running an Experiment

question 17

Multiple Choice

Suppose a researcher is running an experiment. Each participant is given $10. Half of the participants are presented with option (1) : "Would you accept a fifty-fifty chance of losing $3 or gaining $5?" The other half are presented with option (2) : "Would you accept a fifty-fifty chance of gaining either $7 or $14?" Knowing that individuals are subject to _______, we would expect higher acceptance rates for participants offered with option (2) .

• A)framing bias
• B)time inconsistency
• C)status quo bias
• D)anchoring bias

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Definitions:

ECT

Electroconvulsive therapy, a medical treatment most commonly used for severe major depression which involves brief electrical stimulation of the brain while the patient is under anesthesia.

Memory-related Side Effects

Adverse effects impacting an individual's ability to recall, store, or process information, often due to medication or neurological conditions.

Classical Antipsychotic

A type of antipsychotic medication primarily used to treat symptoms of schizophrenia and other psychotic disorders, typically by blocking dopamine receptors.

Dopamine Receptors

Proteins located in the brain and central nervous system that interact with the neurotransmitter dopamine, influencing mood, motivation, and reward.