1. What is the framing effect?
- People tend to avoid risk when a positive frame is presented, but sees risk more when a negative frame is presented (even when options are the same! For example saving people, or killing people in vaccine example).
- People tend to avoid risk when a negative frame is presented, but sees risk more when a positive frame is presented (even when options are the same! For example saving people, or killing people in vaccine example).
- When the objective value exceeds that of the expected utility
- When the expected utility exceeds the objective value
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Other questions in this quiz
2. What have results from neural studies into temporal discounting shown in general?
- Experiments are generally methodologically weak and empirically untestable and so no conclusions can be drawn
- Mixed results. Either evidence for a dual-process system which processes SS or LL rewards, or a SINGLE neural process that tracks subjective value of reward regardless of delay
- Inconclusive evidence and no conclusions can be drawn
- Overwhelming evidenc for a dual-process model with a process for SS and LL rewards
3. What is a problem with heuristics?
- They mean that humans do not use deductive reasoning as much as possible
- Although helpful, they are error prone and susceptible to biases
- The make humans into cold logic machines
- Can be changed by mental imagery
4. Which areas seem to be implicated in immediate smaller-sooner (SS) rewards?
- Putamen, mPFC, VStr
- Posterior cingulate (PCC), mPFC, VStr
- DLpFC, LOBFC
- DLpFC, LOBFC, VStr
5. What is loss aversion?
- Perceiving probability in a highly subjective manner, overestimating the chances of low probability events, and underestimating high ones
- The tendency for people to strongly acquiring gains than avoiding loss
- The tendency for people to strongly prefer avoiding loss than acquiring gains
- The tendency for compulsive gambling to start after a traumatic loss type event