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22. beliefs and to ignore conflicting data.

22. beliefs and to ignore conflicting data.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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22. beliefs and to ignore conflicting data. the tendency to search out evidence consistent with one's prior People preferences are 23. which means that a person can comnpare all possible choices and assess preference or indifference. 24. used to describe preferences. And it has a/ an 25. function. in prospect theory replaces the utility function in expected utility Value is defined 26. theory. While utility is measured in terms of the 27. by 28. relative to a/ an 29. for gains and The fourfold pattern of risk attitude suggests 30. 31. for losses when the outcome probability is low. 32. is when people apparently overweight certain outcomes versus probable ones. 34. - and A frame is affected by the 33. 35. when positions are lumped together, while 36. occurs 37. occurs when situation are viewed one at a time. The 38. is said to be operative when someone increases risk taking after prior gains. The tendency to avoid selling losers is known as the 39.
Transcribed Image Text:22. beliefs and to ignore conflicting data. the tendency to search out evidence consistent with one's prior People preferences are 23. which means that a person can comnpare all possible choices and assess preference or indifference. 24. used to describe preferences. And it has a/ an 25. function. in prospect theory replaces the utility function in expected utility Value is defined 26. theory. While utility is measured in terms of the 27. by 28. relative to a/ an 29. for gains and The fourfold pattern of risk attitude suggests 30. 31. for losses when the outcome probability is low. 32. is when people apparently overweight certain outcomes versus probable ones. 34. - and A frame is affected by the 33. 35. when positions are lumped together, while 36. occurs 37. occurs when situation are viewed one at a time. The 38. is said to be operative when someone increases risk taking after prior gains. The tendency to avoid selling losers is known as the 39.
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