In an Experiment on Risk Aversion and Inconsistency, a Group

question 17

Multiple Choice

In an experiment on risk aversion and inconsistency, a group of people were given the following choice: A) Lose $100 with certainty, or B) 50% chance to win $50, 50% chance to lose $200.Which of the following scenarios is most accurate and would most likely occur?

• A)A majority chose option A.Option A has a lower expected loss.
• B)A majority chose option B.Option A has a lower expected loss.
• C)A majority chose option A.Option B has a lower expected loss.
• D)A majority chose option B.Option B has a lower expected loss.
• E)Roughly equal numbers chose A and B, because they have equal expected losses.

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Definitions:

Immunoglobulin

A type of protein, also known as an antibody, produced by the immune system to fight pathogens, such as bacteria and viruses.

Antigens

Substances that when introduced into the body stimulate the production of antibodies, triggering an immune response.

Primary Immune Response

The initial reaction of the immune system when exposed to an antigen for the first time.

Memory Cells

A type of white blood cell that retains a memory of previously encountered pathogens and mounts a stronger and faster response upon reexposure.