Two Scenarios Are Written in Which the Probability of Loss

question 82

Multiple Choice

Two scenarios are written in which the probability of loss and gain is the same.Scenario A is written so that the gain is emphasized,and Scenario B is written so that the loss is emphasized.People will almost always choose Scenario A. This outcome is predicted by one component of:

• A) prospect theory
• B) framing theory
• C) normative models
• D) descriptive models

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Definitions:

Deuteranopia

A type of red-green color blindness caused by the absence of or defect in the green cone cells in the eye.

Blue Cones

Photoreceptor cells in the retina of the eye responsible for the perception of blue light wavelengths.

Tritanopia

A type of color vision deficiency characterized by an inability to distinguish between blue and yellow colors.

Protanopia

A type of color blindness characterized by the inability to perceive red light, leading to difficulty distinguishing between some colors.