Answer:
B. people prefer certain outcomes to uncertain outcomes even when the expected value of the uncertain outcome is higher.
Explanation:
The certainty effect indicates that people tend to prefer safe results to risk, that is, they overvalue the certainty of winning something, even smaller. In other words, the certainty effect represents a situation where people faced with two possibilities prefer the one that will happen for sure, even though the other possibility may have a better outcome.
Mathematical model
Dk if it’s right
What can you do to minimize the impact of environmental hazards?
Measuring and Reducing Your Environmental Impact
Use energy more efficiently. Producing electricity and natural gas and delivering it to your door generates greenhouse gas emissions. ...
Install renewables. ...
Conserve water. ...
Reduce, reuse, recycle. ...
Travel less. ...
Consider near sourcing. ...
Ship goods more efficiently.
