Examlex
On the Stanford-Binet Intelligence Scale, Tom answered more items correctly than his friend Ted. Yet, Ted's IQ score was higher than Tom's. How can this be possible?
Decision Making
The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.
Kahneman and Tversky
Two psychologists known for their work on the psychology of judgment and decision-making, as well as behavioral economics.
Sure Thing
A situation or outcome that is guaranteed or certain.
Risky Gamble
Making a decision that involves a high risk of loss or failure, typically in hope of achieving significant reward or gain.
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