Kevin and His Mother Are Playing with a Squeaky Toy

question 137

Multiple Choice

Kevin and his mother are playing with a squeaky toy. Kevin's mother squeezes the toy in front of him and then hides it under a blanket. Kevin has fun finding the toy under the blanket and then giving it back to his mother. After several rounds of this game, Kevin's mother hides the toy behind a pillow instead of under the blanket. Rather than looking behind the pillow, however, Kevin lifts the blanket to look for the toy. Which statement is TRUE?

• A) Kevin does not know the toy still exists.
• B) Kevin is making the A-not-B error.
• C) Kevin is approximately 6 months old.
• D) All of these statements are true.

Recognize the role of probability and risk assessment in decision-making processes.

Analyze the impact of framing and presentation of information on decision outcomes.

Explain the evolutionary perspective on human decision-making and problem-solving.

Understand the concepts of bounded rationality and dual-process theory in decision-making.

---

Definitions:

Loss-Minimizing

A strategy or approach aimed at reducing the amount of losses an individual or organization may incur.

Long-Term Contracts

Agreements between parties that extend over a significant period of time, often used to ensure stability in supply, demand, and pricing conditions.

Licenses

Legal permissions granted by authorities to individuals or companies to engage in certain activities or businesses.

Patents

Legal documents granted by a government that give an inventor exclusive rights to use, make, and sell an invention for a certain period of time.