The view that people make decisions by determining how likely something is to happen,judging the value of the outcome,and then multiplying the two is called:
A)psychoeconomics.
B)the rational choice theory.
C)an algorithm.
D)quantitative psychology.

Question

Quizplus · Accepted Answer

The view described in the question is known as the rational choice theory, which suggests that people make decisions by logically considering the likelihood of an outcome and the value of that outcome. Options A, C, and D are not relevant to this view.

The View That People Make Decisions by Determining How Likely