The certainty effect in decision making refers to the tendency for people to give greater weight to ____ than to ____.
A)definite outcomes; probabilities
B)possible positive outcomes; possible negative outcomes
C)immediate (soon-to-happen)outcomes; future (far off)outcomes
D)rare outcomes; common outcomes

Question

Quizplus · Accepted Answer

The certainty effect describes how individuals prefer outcomes that are certain over those that are merely probable, even when the probable outcomes may offer a higher expected value. This tendency can lead people to avoid risk when a certain outcome is available.

The Certainty Effect in Decision Making Refers to the Tendency