The Utility of a Gamble Equals ________

question 14

Multiple Choice

The utility of a gamble equals ________.

• A) the extent of uncertainty associated with utility of the gamble
• B) the expected utility of its outcomes
• C) the actual utility of its outcome or prize
• D) the level of risk associated with the gamble

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Definitions:

Unconscious Wishes

Desires or thoughts that reside in the unconscious mind, influencing behavior and feelings without the individual's awareness.

Lucid Dreams

Dreams in which the dreamer is aware of dreaming.

REM Sleep

A phase of sleep characterized by rapid eye movements, more dreaming and bodily movement, and faster pulse and breathing.

Conscious

Awareness of one's own existence, sensations, thoughts, and surroundings.