States of Nature

question 46

Multiple Choice

States of nature

• A)are the possible outcomes for a chance event.
• B)can be selected by the decision maker.
• C)cannot be enumerated by the decision maker.
• D)None of these are correct.

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Definitions:

External Attributions

The process of explaining someone's behavior by referring to situational or environmental factors.

Self-Serving Bias

A common cognitive bias that causes individuals to attribute success to personal factors and failures to external factors.

External Attributions

The process of attributing the cause of one's own or another's behavior to external factors or the environment.

New Task

A previously unencountered or novel assignment or activity that requires completion.