When people use ____________ probability weights, people assign too _________ weight to very low probabilities and too _________ to high probabilities.
A) nonlinear, little, much
B) nonlinear, much, little
C) linear, much, little

Question

Quizplus · Accepted Answer

Nonlinear probability weights refer to the tendency of people to overestimate the likelihood of very low probability events and underestimate the likelihood of high probability events.

When People Use ____________ Probability Weights, People Assign Too _________

When People Use ____ Probability Weights, People Assign Too _