To Increase Safety at a Bad Intersection,you Must Decide Whether

question 126

Multiple Choice

To increase safety at a bad intersection,you must decide whether to install a traffic light in your home town at a cost of $20,000.If the traffic light reduces the risk of fatality by 0.5 percent and the value of a human life is about $10 million,what should you do

• A)You should install the light because the expected benefit of $50,000 is greater than the cost.
• B)You should install the light because the expected benefit of $30,000 is greater than the cost.
• C)You should not install the light because the expected benefit of $20,000 is only equal to the cost.
• D)You should not install the light because the expected benefit of $5000 is less than the cost.

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Definitions:

Motivation

The psychological process that initiates, guides, and maintains goal-oriented behaviors, involving the biological, emotional, social, and cognitive forces that act on or within an individual.

Nomothetic Approach

A research approach focusing on general laws that apply to large populations, emphasizing common characteristics among individuals rather than uniqueness.

Universal Laws

Fundamental principles or rules that are believed to pertain to everything and are used to explain or predict phenomena across various domains.

Individual Differences

Variabilities or disparities among individuals in behavior, emotion, and cognition which make each person unique from others.