As Discussed in the Text, There Are a Number of Cognitive

question 68

Multiple Choice

As discussed in the text, there are a number of cognitive tendencies found among gamblers that have the effect of encouraging these people to keep gambling. One of the MOST common is the tendency to see losses as ____.

• A) "near wins" (not losses at all)
• B) "par for the course" (as a certain number of losses are expected)
• C) "practice runs" (helping to improve technique in the long term)
• D) "not their fault" (special exceptions due to circumstances)

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, thereby holding a portion of its equity.

Directors

Members of a company's board who are elected by shareholders to make important decisions regarding the company's management and policies.

Officers

Executive members of an organization responsible for managing its day-to-day operations and making significant business decisions.

Due Care

The level of judgment, caution, and attentiveness expected of a reasonable person.