The so-called "certainty effect" in decision-making refers to 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) common outcomes; rare outcomes

Question

Quizplus · Accepted Answer

The certainty effect in decision-making refers to the tendency for people to give greater weight to definite outcomes (certainties) than to probabilities (uncertainties). This means that people are more likely to choose an option with a guaranteed outcome, even if the probability of a better outcome exists with another option.

The So-Called "Certainty Effect" in Decision-Making Refers to Tendency for People