Jeremy Who Sits in the Back of the Seventh Grade

question 300

Multiple Choice

Jeremy who sits in the back of the seventh grade classroom, has no trouble reading the words in his textbook, but he is having difficulty reading the words that the teacher is writing on the board or seeing the images on the projection screen. Jeremy most likely has which vision problem?

• A)hyperopia
• B)astigmatism
• C)presbyopia
• D)myopia

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Definitions:

Endowment Effect

A cognitive bias where people ascribe more value to things merely because they own them.

Gains

The increase in economic benefit, which can be measured in terms of profit, utility, or welfare, resulting from an action or transaction.

Losses

The financial deficit arising when the cost of producing and operating exceeds the revenue generated.

Prospect Theory

A theory in behavioral economics that evaluates how people choose between probabilistic alternatives that involve risk, focusing on the psychology of decision-making.