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Which of the Following Is NOT a Serious Problem for the Claim

Question 37

Multiple Choice

Which of the following is NOT a serious problem for the claim that our decisions are consistently made in accordance with utility theory?


A) People are heavily swayed by how a decision is phrased, even if the phrasing has no impact on utilities.
B) The expected value of utility decreases if the likelihood of its outcome decreases.
C) The same information, and thus utility value, can lead to different decision outcomes depending on how the question is asked.
D) People often find it difficult to compare values that are seemingly incommensurable (e.g., the monetary value of a car vs. how much it pollutes the environment) .

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