What does the value-function curve describe?
A) How the objective loss or gain of an incentive equals the subjective value of that loss or gain.
B) How the value of an incentive is based on the appraisal of many individuals.
C) How the value of something is based on whatever amount an individual pays for it.
D) How the effectiveness of a reinforcer depends on its incentive value.

Question

Quizplus · Accepted Answer

The value-function curve describes how the objective loss or gain of an incentive equals the subjective value of that loss or gain, illustrating the psychological principle that people's perception of value does not always align linearly with the actual amount of loss or gain.

What Does the Value-Function Curve Describe