The Framing Bias Makes Specific Predictions About How People Will

question 27

Multiple Choice

The framing bias makes specific predictions about how people will behave when faced with a sure course of action versus a gamble.Which of the following best describes the effects of the framing bias?

• A)People are risk-averse (i.e.,preferring a sure thing)for both gains and losses.
• B)People are risk-seeking (i.e.,preferring a gamble)when choosing among gains and losses.
• C)People tend to be risk-averse when choosing among gains,but risk-seeking when choosing among losses.
• D)People tend to be risk-seeking when choosing among gains,but risk-averse when choosing among losses.

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Definitions:

Scientific Process

A systematic series of steps followed in order to derive valid results about a scientific inquiry or to solve a problem, including observation, hypothesis formation, experimentation, and conclusion.

Utilitarianism

A theory in ethics holding that the best moral action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Ethical System

A structured set of principles that guides moral behavior and decision-making, often based on societal, cultural, or personal beliefs.