Instruction 17-2
the Following Payoff Table Shows Profits Associated with a Set

question 67

Multiple Choice

Instruction 17-2
The following payoff table shows profits associated with a set of three alternatives under two possible events.
$\begin{array} { c r r r } States & A 1 & A 2 & A 3 \\\hline 1 & 12 & - 2 & 8 \\2 & 4 & 10 & 5\end{array}$
where: $\quad S 1$ is event $1 \quad A 1$ is action alternative 1
$\quad\quad\quad\quad S 2$ is event $2 \quad A 2$ is action alternative 2
$\quad\quad\quad\quad\quad\quad\quad A 3$ is action alternative 3
-Referring to Instruction 17-2,if the probability of S1 is 0.5,then the expected monetary value (EMV) for A1 is

• A)4.
• B)8.
• C)6.5.
• D)3.

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Definitions:

Operant Conditioning

A training technique that alters the power of an action through rewards or consequences.

If … Then Contingency

A conditional statement indicating that one event (the consequence) follows another (the condition) only if the first event occurs.

S-R Association

A concept in learning theory that suggests a connection or association is formed between a specific stimulus (S) and a specific response (R).

Social Learning

A theory that suggests people can learn new behaviors and acquire new information by observing others.