Consider Two Options: (A) You Receive a Guaranteed Payment of $100;

question 125

Multiple Choice

Consider two options: (A) you receive a guaranteed payment of $100; (B) a coin is tossed and if heads comes up, you win nothing; if tails comes up, you win $200. The expected payoff for option A is:

• A)$200
• B)$100
• C)$300
• D)$75
• E)There is not enough information to answer the question.

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Definitions:

Extrinsic Motivation

Motivation that stems from outward incentives like financial gain, recognition, academic scores, or commendation.

Intrinsic Motivation

The drive to engage in activities for their own sake, because they are interesting or enjoyable, not for some external reward.

Organismic Needs

Fundamental physiological and psychological needs that must be met for an individual to develop and function optimally, such as the needs for food, safety, love, and self-esteem.

Self-actualization

The process of realizing and fulfilling one's potential and capabilities, representing the pinnacle of psychological development.