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Anon25 [30]
3 years ago
11

Joe lost a substantial amount gambling at a race track today. On the last race of the​ day, he decides to make a large enough be

t on a longshot so​ that, if he​ wins, he will make up for his earlier losses and break even on the day. His friend​ Sue, who is up for the​ day, makes just a small final bet so that she will end up ahead for the day even if she loses the last race.   This is typical race track behavior for winners and losers. Would you explain this behavior using​ over-confidence bias, prospect​ theory, or some other principle of behavioral​ economics? Joe and​ Sue's behavior can be explained by A. the​ gambler's fallacy because they do not believe past events affect​ current, independent outcomes. B. overconfidence because they are overconfident they will win on the​ day's last bet. C. the certainty effect because they place too little weight on outcomes that they consider to be certain relative to risky outcomes. D. the reflection effect because their attitudes toward risk are symmetric for gains and losses. E. prospect theory because they are making decisions relative to their wealth at the start of the day.
Business
1 answer:
melomori [17]3 years ago
8 0

Answer:

A. the gamblers fallacy

Explanation:

This is because he is down a lot but he is still going to take the shot.

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Masja [62]

Answer:

a. the sociocultural segment

Explanation:

Since in the question it is mentioned that the retail store is opened that deals in dancewear for children and adults. Also, it became successful for five years but after that in the local newspaper it makes an expose that it was selling briskly to a specific clientele with respect to the scanty lingerie due to which it lost most of its customers and therefore it is closed

So in this given situation, it is a sociocultural segment as the company's wants to take care of the society along with its business or there should be a corporate social responsibility. Also the trust of the customers, goodwill cannot bring back, etc

Therefore the correct option is A.

8 0
3 years ago
Which information security objective allows trusted entities to endorse information?
Serjik [45]
<span>Certification information is the security objective that allows trusted entities to endorse information.

Certification information is what credits people to be certified in teaching information to other employees and allowing the information to be accredited. To make sure the information is given out properly and is trusted, accurate information we need to make sure its certified and verified. </span>
6 0
3 years ago
Par value a.is the monetary value assigned per share in the corporate charter b.is established for a share of stock after it is
nika2105 [10]

Answer:

c.represents what a share of stock is worth

Explanation:

Hope it helped...Please mark brainliest. Have a nice day!

4 0
3 years ago
Without middlemen like Travelocity, Orbitz, and other travel Web sites, a consumer would have to check all airline Web sites in
wolverine [178]

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Explanation: REINTERMEDIATION can be defined as the introduction of an agent acting as a mediator between a producer and the consumer.

An example can be a bakery that sells products directly adding retailer to help in the sale of their products. Which is also the case in the question whereby the travel websites are the intermediary between the airlines and the customers.

4 0
3 years ago
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Tresset [83]

Answer:

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  • This will shift the demand curve to the right, increasing the total demand at all price levels.

Moreover, the price of ink, an important input in pen production, has increased considerably.

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What is sure is that the price of pens will increase. It is likely that the quantity demanded increases, but the extent by which the quantity demanded will increase is unknown.

5 0
3 years ago
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