ModuleSixLab

docx

School

Gusii Institute of Technology, Kisii *

*We aren’t endorsed by this school

Course

MANAGERIAL

Subject

Psychology

Date

Nov 24, 2024

Type

docx

Pages

Uploaded by kiruikenth

PSY 375 Module Six Lab Worksheet Template Complete this template by replacing the bracketed text with the relevant information. All responses to lab questions should be in your own words or paraphrased. Monty Hall Lab Data ● Insert your data in the table below. Strategy Winning Percent Stay with the first door 0.22 Switch to the other door 0.667 ● Insert a screenshot of the lab output below. 1

Lab Questions ● Did your results match those predicted as described in the output? Explain how your results did or did not match the prediction. My results did not match exactly as the predicted results, however, they were so closely. As per the prediction, one would be 33% correct of the time and one would be right as more they choose to switch to switch o the other door. As for me, during the experiment, I choose frequently not switch to another door and when I did I was always correct. ● Why does switching your choice lead to better odds in the long run? 2

My chose leading to the better results in the long run is just noting but chances. The probability of getting better result is high when you choose other option after the initial choice. This results happen because the probability of getting similar results is very low. Wason Selection Lab Data ● Insert your data in the table below. Condition Mean Number of Cards Correct Abstract 1.341 thematic 1.665 ● Insert a screenshot of the lab output below. 3

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

Lab Questions ● Why should we expect that the proportion correct should be higher for the thematic rules? The expectation of the correct proportion on the thematic rule occur because of one’s prior knowledge of the world; the thematic rules were the thing that we have frequently experienced. ● What does the Wason Selection task tell us about seeking confirmation of our beliefs versus seeking falsification of our beliefs? The Wason selection task tells as that it easy to seek confirmation in our beliefs; however, it is complicated to seek falsification since we do not also the opposite end of our overall choices. 4

Risky Decisions Lab Data ● Insert your data in the table below. Condition Less Risky More Risky Small gain 0.250 1 Large gain 0.750 0.250 Small loss 0.250 0.00 Large loss 0.00 0.25 ● Insert a screenshot of the lab output below. 5

Lab Questions ● Did you get the predicted results? If so, how so? If not, why not? The results I got in this experiment matched what I predicted. This results happened because I placed small bet on small gains in more risky situations and placed bets with large gains in situations that were less risky. ● What does this study demonstrate? In other words, what is the main point of this experiment? The primary aim of this experiment is to assess the likelihood of people to take adverse risk when it come to loss or gain. The study shows that people are more like to lean towards bets with high chances of success than those with high chances of losses. Module Question 6

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

● What is the relevance of the Wason Selection task and Risky Decisions for financial decisions? The wason selection task involve experiment that makes one to do risky decision. It shows how human think when they are faced with a challenge that touch on their previous knowledge and risk behavior. The task is crucial when think of making financial decisions and show us that the more knowledge we have about our financial decision the more likely we are to make crucial decisions. Also, it shows that in many time in the long run choosing options that guarantee a gain are more financially satisfying. 7

Related Documents

quizlet 2.pdf

Literature Review on Substance Abuse.docx

Regene_Best_case_conceptualization_u9a1.docx

group counselling.docx

d36.docx

Análisis crítico y ejercicio de práctica.docx

Order #404995733.docx

Examining Causal Relationships in Health Interventions

MODULE 3 SBS105 Alisha Willis.docx

discussion-responses.docx

topic 8 dq2.docx

4.2Discussion.LongitudinalMethodsandDataCollection ANSWER.edited (2).docx

Recommended textbooks for you

Ciccarelli: Psychology_5 (5th Edition)

Psychology

ISBN:9780134477961

Author:Saundra K. Ciccarelli, J. Noland White

Publisher:PEARSON

Cognitive Psychology

Psychology

ISBN:9781337408271

Author:Goldstein, E. Bruce.

Publisher:Cengage Learning,

Introduction to Psychology: Gateways to Mind and ...

Psychology

ISBN:9781337565691

Author:Dennis Coon, John O. Mitterer, Tanya S. Martini

Publisher:Cengage Learning

Psychology in Your Life (Second Edition)

Psychology

ISBN:9780393265156

Author:Sarah Grison, Michael Gazzaniga

Publisher:W. W. Norton & Company

Cognitive Psychology: Connecting Mind, Research a...

Psychology

ISBN:9781285763880

Author:E. Bruce Goldstein

Publisher:Cengage Learning

Theories of Personality (MindTap Course List)

Psychology

ISBN:9781305652958

Author:Duane P. Schultz, Sydney Ellen Schultz

Publisher:Cengage Learning

SEE MORE TEXTBOOKS

Recommended textbooks for you

Ciccarelli: Psychology_5 (5th Edition)
Psychology
ISBN:9780134477961
Author:Saundra K. Ciccarelli, J. Noland White
Publisher:PEARSON
Cognitive Psychology
Psychology
ISBN:9781337408271
Author:Goldstein, E. Bruce.
Publisher:Cengage Learning,
Introduction to Psychology: Gateways to Mind and ...
Psychology
ISBN:9781337565691
Author:Dennis Coon, John O. Mitterer, Tanya S. Martini
Publisher:Cengage Learning
Psychology in Your Life (Second Edition)
Psychology
ISBN:9780393265156
Author:Sarah Grison, Michael Gazzaniga
Publisher:W. W. Norton & Company
Cognitive Psychology: Connecting Mind, Research a...
Psychology
ISBN:9781285763880
Author:E. Bruce Goldstein
Publisher:Cengage Learning
Theories of Personality (MindTap Course List)
Psychology
ISBN:9781305652958
Author:Duane P. Schultz, Sydney Ellen Schultz
Publisher:Cengage Learning