In Preference Reversal, Subjects Prefer One Gamble When They Anchor

question 68

True/False

In preference reversal, subjects prefer one gamble when they anchor on outcomes and another when they anchor on probabilities.

---

Definitions:

Smart Card

A plastic card embedded with a microprocessor chip, capable of storing and transacting data, used for various applications like financial transactions and personal identification.

ID Badge

A card or tag that displays identifying information about the holder, often used for access control or identification purposes in organizations.

Rooted

Refers to an Android device that has been granted root access, allowing the user to have elevated control over various software aspects of the device.

Clear Cache

The process of removing stored web page versions, images, and other media from a device's temporary storage to improve performance and clear old data.