When making a decision,the use of one's individual values versus use of objective criteria is reflective of what concept?
A)subjective utility
B)subjective probability
C)conditional probability
D)pragmatic reasoning

Question

Quizplus · Accepted Answer

The use of individual values in decision-making reflects the concept of subjective utility, which is the idea that individuals make decisions based on their personal preferences, values, and beliefs rather than solely on objective criteria. Therefore, option A is the best choice. Option B, subjective probability, refers to an individual's personal estimate of the likelihood of an event occurring, which is not directly related to decision-making based on values. Option C, conditional probability, refers to the probability of an event occurring given certain conditions, which is a statistical concept and not directly related to decision-making. Option D, pragmatic reasoning, refers to making decisions based on practical considerations rather than abstract principles, which is also not directly related to decision-making based on values.

When Making a Decision,the Use of One's Individual Values Versus