Prospect Theory Explains ______

question 54

Multiple Choice

Prospect theory explains ______.

• A) why individuals always make rational decisions
• B) why individuals sometimes make irrational decisions
• C) people put more emphasis on losses than gains
• D) the rational decision-making model

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Definitions:

Risk Level

A measurement or assessment of the likelihood and potential impact of hazards or threats.

Restraint Alternatives

Methods or approaches used instead of physical restraints to prevent self-harm or harm to others.

Nurses' Station

A dedicated area within a healthcare setting where nurses and other healthcare staff perform administrative duties, manage care documentation, and coordinate patient care.

Sitter

An individual employed to look after someone, especially children or the elderly, in the absence of a primary caregiver.