Automatic Thinking Is __________, While Controlled Thinking Is __________

question 187

Multiple Choice

Automatic thinking is __________, while controlled thinking is __________.

• A) effortful; effortless
• B) nonconscious; unconscious
• C) involuntary; voluntary
• D) accurate; inaccurate

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Definitions:

Payoff Matrix

A table that displays the potential outcomes for each player in a game, given the choices of all players.

Gains and Losses

The difference between the amount earned and the amount spent in buying, operating, or producing something.

Duopoly

A market structure characterized by two producers or sellers dominating the market.

Dominant Strategy

In game theory, a strategy that is optimal for a player, regardless of the strategies chosen by other players in the game.