The View That People Make Decisions by Determining How Likely

question 170

Multiple Choice

The view that people make decisions by determining how likely something is to happen,judging the value of the outcome,and then multiplying the two is called:

• A)psychoeconomics.
• B)the rational choice theory.
• C)an algorithm.
• D)quantitative psychology.

---

Definitions:

Telephone Surveys

Method of collecting information or opinions from a population using telephone interviews as the medium of communication.

Online Surveys

Electronic questionnaires distributed over the Internet to collect data or feedback from a wide audience efficiently.

Footnotes

Supplementary notes or references placed at the bottom of a page, providing additional information or citing sources on specific points in the text.

Endnotes Page

A section at the end of a document listing references, comments, or explanations not included in the main text.