1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
konstantin123 [22]
3 years ago
5

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.
Social Studies
1 answer:
defon3 years ago
6 0

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.

You might be interested in
What Arab nation most closely follows Shariah law?
Damm [24]

Answer:

Iran

Explanation:

7 0
3 years ago
Credible sources should explicitly identify the purpose or intent of the information included in a source.
dimulka [17.4K]
Yes, I think that identifying the purpose would increase the credibility of the source, so if we understand the "should" here as "would be good if, is recommended" - then this statement is true.

Including the intent of the information in the source will help place the information in a wider context - and often the context is necessary to fully understand the content of a source.
6 0
3 years ago
Read 2 more answers
Which of the following statements best describes the standard living of Europe?
masya89 [10]

Answer:

nnnn

Explanation:

3 0
3 years ago
The text discusses how the decision to attend (or not attend) college is shaped by social factors. Identify two other important
Oksanka [162]

Answer:

You did not attach any text, however, college is shaped by social factors by tools such as the media.  The media plays a role with colleges with propaganda.  Another life decision is getting married, society might portray the person as a horrible human being when the person could be amazing.  Lastly, another life decision is changing careers.  If you are moving to a different career cluster, it's a difficult choice.  The internet could portray the job as amazing, but it may not be!

6 0
3 years ago
Who was the first Spaniard to explore the interior of Texas?
nignag [31]

Answer:

Cabeza de vaca is my opinion.

4 0
3 years ago
Other questions:
  • In 1963, what two recommendations did a group of Alabama clergymen propose to resolve the racial conflict in Birmingham
    12·1 answer
  • What did the desire for gold influenced Europeans' decisions during the scramble fro Africa
    12·2 answers
  • Mike does not want to take an aids test because he is afraid that if he tests positive, he will face discrimination. according t
    15·1 answer
  • Allisa, a licensed sales associate, transfers sponsorship of her license from bay area realty to crystal city realty. what is tr
    14·2 answers
  • What two events ended the revolutionary war
    13·1 answer
  • Which author wrote the essay "Civil Disobedience," which influenced Mohandas Gandhi and Martin Luther King, Jr.?
    12·1 answer
  • The four powerful pillars of democracy are: (Select four)
    7·1 answer
  • A= v2/r rearrange for v​
    11·2 answers
  • How many states were needed to ratify the constitution before it could become law?.
    11·1 answer
  • Use the passage to answer the question.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!