Normative Decision Theory Is Unlikely to Provide a Good Explanation

question 14

Multiple Choice

Normative decision theory is unlikely to provide a good explanation of gambling because:

• A)People do not make decisions when they are gambling, they are just on 'autopilot'
• B)It is concerned with irrational decisions
• C)The theory would not predict people would gamble in the first place because the odds are against them
• D)All of these answers
• E)The theory is relatively new and needs further refining

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