Shepard and Metzler Measured the Amount of Time It Took

question 42

Multiple Choice

Shepard and Metzler measured the amount of time it took for participants to come to a decision of same versus different as a function of the degrees of difference between the two figures in a pair.They found that:

• A)reaction times were always equivalent, supporting the propositional view.
• B)reaction times were inversely proportional to the weighting of each figure in visual memory.
• C)the more the two figures were rotated away from each other, the more time it took participants to make their decisions.
• D)same judgments were always faster than different judgments.

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Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices.

Expected Return

The average of all possible returns for an investment, weighted by the likelihood of each outcome.

Risky Asset

Asset that provides an uncertain flow of money or services to its owner.

Risk-free Asset

A financial instrument that is considered to have minimal risk of financial loss, such as government bonds.