Fred needs major heart surgery,and he has consulted with two doctors about the operation.Dr.Marx tells Fred he has a 90% chance of surviving the surgery; Dr.Scalli tells Fred there is a 10% chance that he won't survive the surgery.Based on Kahneman and Tversky's research,
A) Fred is most likely to let Dr. Scalli perform the operation.
B) Fred will probably avoid making a decision until it is too late.
C) Fred is most likely to let Dr. Marx perform the operation.
D) Fred won't care who does the surgery because both doctors have presented the same information.

Question

Quizplus · Accepted Answer

According to Kahneman and Tversky's research, people tend to be risk-averse when making decisions involving gains, but risk-seeking when making decisions involving losses. In this case, surviving the surgery is a gain, while not surviving is a loss. Therefore, Fred is more likely to be risk-averse and choose the option with the higher chance of success, which is Dr. Marx's 90% success rate.

Fred Needs Major Heart Surgery,and He Has Consulted with Two