Gavin Is Asked to Remember a List of 20 Words

question 220

Multiple Choice

Gavin is asked to remember a list of 20 words.Some of the words are written in blue ink,and some are written in red ink.A week later,he is asked to recall as many words as possible.Gavin will probably do better on the task if,during the encoding phase,he:

• A)thinks about the color of each word.
• B)pairs each word on the list with a word with which it rhymed.
• C)thinks about the meaning of each word.
• D)spells each word silently to himself.

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Definitions:

Risk-neutral

A characteristic of individuals or entities that exhibit indifference between choices with differing levels of risk, focusing solely on expected outcomes.

Expected Utility

A strategy in economics and game theory where individuals choose the option with the highest expected benefit, taking into account all future outcomes.

Risk-neutral

Refers to a mindset or condition where an individual or entity is indifferent to risk when making investment decisions, focusing instead on the potential returns without giving additional weight to the possibility of loss.

Expected Utility

a theory in economics that quantifies how choices are made when outcomes are uncertain, aiming to maximize the expected utility rather than merely the expected monetary value.