Consider the following gamble. A standard pack of playing cards, including 26 red cards (diamonds and hearts) and 26 black cards (spades and clubs), is shuffled, and the card on top of the deck is turned face up.A· If the face-up card is red, the gambler wins $11B· If the face-up card is black, the gambler loses $9.

Answers

Answer 1

Answer:

Following are the description to this question:

Explanation:

In the give question, some information is missing so, the missing information and its solution can be defined as follows:

Following are the Missing information:

"Expected value theory predicts that most people:"

"Prospect theory predicts that people:"

Solution:    

Accepting the gamble:  

The complete actual cost to this game is (0.5 \times $11) + (0.5 \times -$9) = + $1, as per value function concept. If the majority of the population firstly function completely in a rational way, many other people need to accept the gamble.  

Rejecting the gamble:  

Analysis has also shown that risks of losing are 1.5 to 2 times very negative with most people than that of the odds of even an equal benefit were positive. Thus, its theory for prospective potential predicts that almost all people would quantify and not embrace the net psychological effect of its game.


Related Questions

explain the term marriage​

Answers

Answer:

A marriage is a legal union between two people, which is recognized by both the law and the customs of the society. It gives the partners the right to have children and engage in sexual relations

Explanation:

A marriage can be seen as a legal union between two people (usually a man and a woman) which is backed up by the laws, customs, and traditions of the society in which they live. This confers several duties and obligations upon each party which they must fulfill towards each other and gives them the right to have children and in-laws

I cannot be the only one who is satiated when others are hungry"" who said this?​

Answers

these are the words of mother teresa

Explanation:

Because she was tge first person who took care or looked for poor people

I cannot be the only one who is satisfied when others are hungry and this was said by Mother Teresa.

Who is Mother Teresa?

Mother Teresa was an Indian-Albanian Catholic nun who, in 1950, founded the Missionaries of Charity. Anjezë Gonxhe Bojaxhiu was born in Skopje at the time, part of the Ottoman Empire. After eighteen years, she moved to Ireland and then to India, where she lived most of her life. Saint Teresa of Calcutta was canonised on 4 September 2016. The anniversary of her death is her feast day.

After Mother Teresa founded her religious congregation, it grew to have over 4,500 nuns and was active in 133 countries as of 2012. The congregation manages homes for people who are dying of HIV/AIDS, leprosy, and tuberculosis. The congregation also runs soup kitchens, dispensaries, mobile clinics, children's and family counselling programmes, as well as orphanages and schools.

Members take vows of chastity, poverty, and obedience and also profess a fourth vow: to give wholehearted free service to the poorest of the poor.

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dùng sơ đồ tư duy để mô tả tất cả những gì em cho rằng liên quan đến doanh nghiệp

Answers

Answer:

The process by which plants make their own food in the presence of air water chlorophyll and sunlight in leaves is called photosynthesis

it's product are oxygen and glucose

Is Israel bordered by the Gaza Strip to the south and the West Bank to the east?

Answers

Answer:Yes it does.

Explanation:

Answer:

Yes

Explanation:

In which of the following cultures do women face particularly strong societal pressures to retain a youthful appearance during middle adulthood?
a. Latino
b. Eastern
c. Western
d. Asian

Answers

This answer is C. Western

why one should be ethical when communicating

Answers

Answer:

If one cares about the kind of person that they are, has good characteristics, abides by moral principles, works to achieve good and prevent harm, and promotes fairness, then being an ethical person is equally as important as being successful. ...

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The defense which recognizes that some behaviors may be justified because a greater harm is prevented is:

Answers

Answer:

defense of necessity

Explanation:

The description in the question refers to a defense of necessity. This is a court defense that applies when an individual commits a criminal act (usually during an emergency situation), but is done so in order to prevent a greater harm from occurring. Therefore, in these situations, the legal system tends to excuse the individual's criminal action because it is considered justified.

what are the two region of growing demand of water?​

Answers

Answer:

Explanation:

africa and asia

Answer:

India, China and Egypt have relatively large agricultural demands on water and the USA, Europe and Japan have the biggest domestic demands on water. The following video is excellent on both growing demand for water and water quality issues.

How to use a drawback on adaptability and survivability in a sentence

Answers

An drawback on adaptability and survivability can be used in a sentence showing a downside of these elements and an explanation of what that downside does.

An example of this can be seen in the following sentence: "Although adaptability can increase the chances of survival, it can impair the direction of how a person should act. This causes a lack of organization and little focus, which can lead to a decrease in survival."

The presentation of drawbacks is as important as the presentation of benefits because:

Allows individuals to recognize the negatives.It allows individuals to know how to act to diminish them.Allows less dissatisfaction and frustration among people.Allows an understanding of the limitations of adaptability.

You can find more information about this at the link below:

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Direct democracy is a system in which participate

Answers

Answer:

is a form of democracy in which people decide on policy initiatives directly. This differs from the majority of currently established democracies, which are representative democracies

Explanation:

which option best completes the diagram? Before the 1960's, there were relatively few interest groups in the United States

Answers

Answer:

many activists in the 1960s felt that other ways of influencing policy were not effective enough.

The option that best completes the diagram is "many activists in the 1960s felt that other ways of influencing policy were not effective enough."

The 1960s were difficult years in the United States. Many changes started to happen and some civil rights movements organized by young people expressed its opposition to political decisions such as the participation of the US in the War of Vietnam. Some of these organizations grew and became more formal and realized that the most effective way to exert pressure was by lobbying with legislators. From that time on, interest groups hire lobbyists and lobbying firms to negotiate with congressmen.

btw* this is not by me, this is something I searched up and someone else answered this which was scouteo

btw= by the way

Which of the following statements is incorrect? Group of answer choices Though African cultural influences dominate in the Caribbean portion of Middle America, Amerindian traditions survive on the mainland. Trinidad is considered one of the Greater Antilles. Anthropologists commonly refer to the Middle America culture hearth as "Mesoamerica." Many Central Americans do not consider Panama to be a part of their region.

Answers

Answer:

Trinidad is considered one of the Greater Antilles.

Explanation:

Trinidad is not as one of the Greater Antilles. It is a part of South America and in Tobago. The Virgin Islands, Sombrero Island ,Cayman Islands, Cuba, Hispaniola (subdivided into the nations of the Dominican Republic and Haiti), Jamaica, and Puerto Rico make up the Greater Antilles.

African cultural influences dominate in the Caribbean portion of Middle America, Amerindian traditions survive on the mainland.

Anthropologists commonly refer to the Middle America culture hearth as "Mesoamerica."

Many Central Americans also do not consider Panama to be a part of their region due to its secession from Columbia which is in South America.

Robert Yerkes, past president of the American Psychological Association, chaired a committee in which Terman and others served that developed verbal and non-verbal tests of the SATs.
a. True
b. False

Answers

Answer:

False

Explanation:

Robert Yerkes, past president of the American Psychological Association, never chaired a committee in which Terman and others served that developed verbal and non-verbal tests of the SATs.

During the tenure of Yerke as President of American Psychological Association, he was fully involved in the development of Army Alpha and Army Beta Intelligence Tests. This was part of his World War I efforts.

He had a committee which worked with him to develop the intelligence tests. Psychologists like Lewis Terman, Henry Goddard and Carl Birgham were in the commitee.

Therefore, it's a committee that developed Army Alpha and Army Beta Intelligence Tests and not verbal and non-verbal tests.

why is the present day world called the world of service?​

Answers

Answer:

because of technology and mind of science and environment.

What is the best generation who knows better than the other?
paragraph

Answers

Baby boomers is known as best generation. People born in 1946 to 1964 fall under this generation. There are approximately 76 million people who are baby boomers. They are considered as wealthiest and have redefined traditional values.

They are mostly active and have high disposable income. The people who fall in this generation are aged between 57 to 75 years old now. They have best knowledge among all other generations as they have seen world going through many difficult times and know the art to tackle every challenge.

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the assertion that non-formal institutions have no role to play at the processing stage of the system theory is an empty rhetoric comment.

Answers

Assertions are strong statements which provide strong fact. Rhetoric theory is one which checks the available persuasions for the statement and the validates the claiming statement.

As given that non formal institutions have no role to play at processing stage of system theory, this statement has no valid supporting evidence.

The validity of this statement is questioned and therefore readers will have no evidence to accept this statement. The readers will think differently and assertion made is not accepted by the readers.

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The gross domestic product goes up when there is which of the following?
A. A rising unemployment rate
B. More investment in businesses
C. Less government spending
D. A reduction in exports​

Answers

I think a reasonable answer would be more investments in business?

Answer:

B

Explanation:

took the exam 2021

To maximize social welfare, the optimal quantity of a public good to provide should be determined through the use of:

Answers

Answer:

To maximize social welfare, the optimal quantity of a public good to provide should be determined through the use of:

private markets.

the judicial system.

public survey.

cost-benefit analysis.

the political process

What did Marx and Freud see as the downfall of religion that would lead to the secularization of society?

Answers

Answer:

Modernization of society

Explanation:

Marx and Freud were known as Psychologists and they believed that the downfall of religion would lead to the secularization of society. Secularization involves a decrease in religious importance or impact on the society as a whole.

They believed that the secularization will be as a result of the modernization of the society which involves change from an traditional society to a modern one.

Explain influential ethical theories and/or principles applied in today's global era -
Utilitarian Theory and Kant's Ethics of Duty.​

Answers

Utilitarian and Kant ethics were important work in philosophy. Kant theory was based on deontological aspect on the other hand Utilitarian based on teleological aspects.  

Explanation:

Utilitarian theory comes under normative ethics. This is called a tradition that emerged in late 18th and 19th century. According to English philosopher and the economists Jeremy Bentham and John Stuart Mill , an action can be wrong or right related to the promotion or demotion of happiness. Utilitarianism theory is different from other ethical theories. It is the answer of some practical questions. For example what a person ought to do?.

On the other hand Kant theory was opposite to the Utilitarianism theory. Kant believed that their are certain actions that are prohibited in the society whether these actions brings more happiness if these actions are not allowed in society these actions are wrong. He believed that there are some actions that are supreme in morality. Kant implied this theory as Categorical Imperative.

Differentiate Regionalization versus internationalization versus Globalization?​

Answers

Answer:

Explanation:

Globalization refers to the processes by which a company brings its business to the rest of the world. Internationalization is the practice of designing products, services and internal operations to facilitate expansion into international markets.

distinguish between the black soil of ukraine and black soil of maharashtra plateau​

Answers

Answer:

The black soil of Ukraine is located in the north and it is also called Chernozem.

The black soil of maharashtra plateau is located in the western India and it is use for growing cotton.

Explanation:

Black soils are formed from trapped soil lava and are located across inner Gujarat, Maharashtra, Karnataka, and Madhya Pradesh on the Deccan lava plateau and the Malwa Plateau, where the rainfall is moderate and there is underlying basaltic rock.

The black soil of Ukraine is Chernozem that contains ahigh percentage of humus and essential plant nutrients such as phosphoric acid, phosphorous and ammonia which is found in grassland for growing cereals.

A relatively stable and consistent characteristic that can be used to describe someone is known as a(n) _____.

Answers

Answer:

Trait

Explanation:

A trait is a stable characteristic that can describe someone.

For example, traits include things like being trustworthy, generous, mean, etc.

Things can be considered traits when they are consistent in someone's personality.

Who is the father of nation Nepal

Answers

Answer:

king thribuwan shah dev

Answer:

King Tribhuwan shah Dev

Explanation:

tư tưởng hồ chí minh

Answers

Answer:

tư tưởng hồ chí minh

.........

Sixteen-year-old Geneva believes that the death penalty is wrong because her parents, friends, and church say so. She has never really thought about the issue, but has accepted this view as her own. This pattern of following what her parents and peers say and do is pervasive throughout most of her beliefs and behaviors. Which identity state do you think Geneva is in?
A. achievement
B. foreclosure
C. diffusion
D. moratorium

Answers

Answer:

I would say your answer is Forecloser.

Identity foreclosure is a stage of self-identity discovery in which an individual has an identity but hasn't explored other options or ideas.

(Just like she is doing because she hasn't thought for herself yet)

Forecloser is when the individual has just adopted the traits and qualities of parents and friends.

In the state of Foreclosure identity, Geneva is in. The correct option is B.

What are identity diffusion and identity foreclosure?

When teenagers do not investigate or commit to any identities, they experience identity confusion/diffusion. Foreclosure occurs when a person commits to an identity without considering other possibilities. A moratorium is a state in which adolescents are actively considering their alternatives but have not made any commitments.

Identity foreclosure occurs when people believe they know who they are but have yet to investigate their choices. Perhaps they were raised in a Christian home, went to Christian schools, and spent much of their time with other Christians. They may identify as Christian without ever doubting their faith.

Thus, the ideal selection is option B.

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According to Glaukon in The Ring of the Gyles, people are naturally

Answers

Answer:

egocentric.

Explanation:

The Ring of Gyges is a mythical artifact used by Plato in his book entitled 'Republic.' In the story, Glaucon recounts a myth of Gyges. In the myth, there was a shepherd named Gyges who found a ring which makes man invisible on a corpse of a man.

Using the invisibilty power of the ring, Gyges seduced the queen Lydia, made her murder her King, after which Gyges became the King. Through this myth, Glaucon wanted to convey that people are naturally egocentric.

Egocentric can be defined as a disability of overlooking others needs and desires. An egocentric person is self-centered, thinking all about just himself.  

Thus the correct answer is egocentric.

What did Spanish explorers believe would most "help" American Indians?

Answers

Answer:

As the English, French, and Spanish explorers came to North America, they brought tremendous changes to American Indian tribes. ... Diseases such as smallpox, influenza, measles, and even chicken pox proved deadly to American Indians. Europeans were used to these diseases, but Indian people had no resistance to them

Answer:

The answer is D) if American Indians looked, talked, and worshipped like the Spanish

Explanation:

I took the quiz on EDGE

Congress adopted a law granting a state university $2.5 million to study the properties of snowflakes. An outraged taxpayer filed suit to challenge the appropriation. Which of the following is the best argument against this challenge?

a. The legislation is a valid exercise of the federal taxing and spending powers.
b. The federal court lacks jurisdiction to enjoin such expenditures voted by Congress, under the doctrine of separation of powers.
c. The taxpayer lacks standing to challenge the expenditure.
d. There is no diversity in this suit because the spending appropriation being challenged is federal, and the plaintiff is a citizen of the United States.

Answers

Answer:

CThe taxpayer lacks standing to challenge the expenditure.

DThere is no diversity in this suit because the spending appropriation being challenged is federal, and the plaintiff is a citizen of the United States.

Explanation:

The taxpayer doesn’t have the right to challenge any expenditure by the Congress as they represent a majority of the people already which means majority of the people are in support of the appropriation.

There is also no diversity in this suit because the spending appropriation being challenged is federal, and the plaintiff is a citizen of the United States.

Evaluate the statement: "If there are sacrifices to be made for human progress, is it not essential to hold to the principle that those to be sacrificed must make the decision themselves?"

Answers

Answer:

Sacrifices are necessary in order to achieve the progress.

Explanation:

This statement means that for things to progress it moves in forward direction sometimes certain sacrifices have to be made in order to achieve the progress for which sacrifices should be done. There are many sacrifices done by the people in order to achieve progress in their lives such as they sacrifice their valuable time for that progress. without sacrifices there will be no progress in life and in career.

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