In 1791,John Was Committed to an Asylum in the United

question 74

Multiple Choice

In 1791,John was committed to an asylum in the United States.Which treatment was he likely to experience there?

• A)group therapy
• B)bloodletting
• C)moral treatment
• D)hypnosis

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Definitions:

Expected Value

In statistics and probability theory, the average result of a random variable, computed as the weighted average of all possible values.

Expected Utility

A theory in economics that assesses options under uncertainty, predicting choices that maximize utility based on expected outcomes.

Marginal Utility

The added satisfaction that a consumer gains from consuming one more unit of a good or service.

Risk-averse

A characteristic of individuals or entities that prefer to avoid risk in investment choices, opting for safer, less uncertain options.