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The Difference Between $15 and $10 Seems Greater Than the Difference

Question 21
Multiple Choice

The difference between $15 and $10 seems greater than the difference between $125 and $120.This is an example of: A) base-rate neglect. B) framing effects. C) subjective probability. D) subjective utility.

Related questions
Q 22
Choosing among alternatives in proportion to their success is called: A) framing effects. B) probability matching. C) subjective probability. D) subjective utility.
Q 23
Which refers to one's personal judgment about whether a specific outcome is likely to occur? A) framing effects B) probability matching C) subjective probability D) subjective utility
Q 24
Someone might prefer a 4% chance at $200 than a 2% chance at $400.This is an example of: A) base-rate neglect. B) framing effects. C) subjective probability. D) subjective utility.
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