Mental Models Cause Us To

question 118

Multiple Choice

Mental models cause us to:

• A)perceive events as though people are acting on a theatrical stage.
• B)select and organize stimuli in ways that are consistent with our broad world views.
• C)believe the behaviour of others is caused more by their ability or motivation than the situation.
• D)perceive ourselves as members of several groups that are different from people in other groups.
• E)change our personality whenever we develop new mental models.

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Definitions:

Opportunity Loss Table

A table used in decision making that shows the loss of potential gain from not choosing the optimal action or decision.

Payoff Table

A tabular representation of the outcomes of different decisions or strategies under various states of nature or scenarios.

Expected Opportunity Loss

The anticipated loss for not choosing the best possible option or course of action in decision-making processes.

Expected Monetary Value

A statistical technique in decision making used to calculate the average outcome when the future includes scenarios that may or may not happen.