Even Though She Got All Three Extra Credit Questions Right

question 100

Multiple Choice

Even though she got all three extra credit questions right on the exam and, as such, earned three bonus points, Shatrice is still very irritated that she lost three points for making a silly mistake on an essay question. The fact that the loss and gain did not create an emotional "balance" for Shatrice is explained by the concept of

• A)the gambler's fallacy.
• B)expected value.
• C)utility.
• D)loss aversion.

---

Definitions:

Smaller Fees

Lesser charges or costs imposed for services, transactions, or regulatory requirements.

MICR Numbers

Magnetic Ink Character Recognition numbers; used primarily on checks for the purpose of easy processing by financial institutions.

Magnetic Ink

A type of ink formulated with iron oxide particles for magnetic character recognition applications, commonly used in banking.

Payment Option

Various methods available for making payments, such as cash, credit card, digital wallets, or bank transfers.