1 pts Your friend wants to make a bet with you, and he gives you two options. If you choose Option 1, you will have an 80 percen

Question

2 years ago

9

1 pts Your friend wants to make a bet with you, and he gives you two options. If you choose Option 1, you will have an 80 percen

t chance of winning $100, but a 20 percent chance of losing $100. If you choose Option 2, you are guaranteed to win $5. If you are like most people when it comes to making decisions, you would probably choose ________ because of ________. Group of answer choices Option 1; confirmation bias Option 2: anchoring Option 1; the availability heuristic Option 2: loss aversion

Business

1 answer:

andrew11 [14] · Answer 1 · 2023-03-13T15:27:53+03:00

A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.

<h3>What is confirmation bias?</h3>

The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.

Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.

Learn more about confirmation bias here:

brainly.com/question/13044778

#SPJ1