Most people dislike losses more than they like gains. In money terms, people are about as sensitive to a loss of $10$10 as to a gain of $20.$20. To discover what parts of the brain are active in decisions about gain and loss, psychologists presented subjects with a series of gambles with different odds and different amounts of winnings and losses. From a subject's choices, they constructed a measure of "behavioral loss aversion." Higher scores show greater sensitivity to losses. Observing brain activity while subjects made their decisions pointed to specific brain regions. The table contains data for 1616 subjects on behavioral loss aversion and "neural loss aversion," a measure of activity in one region of the brain. Neural Behavioral −50.0−50.0 0.080.08 −39.1−39.1 0.810.81 −25.9−25.9 0.010.01 −26.7−26.7 0.120.12 −28.6−28.6 0.680.68 −19.8−19.8 0.110.11 −17.6−17.6 0.360.36 5.55.5 0.340.34 2.62.6 0.530.53 20.720.7 0.680.68 12.112.1 0.990.99 15.515.5 1.041.04 28.828.8 0.660.66 41.741.7 0.860.86 55.355.3 1.291.29 155.2155.2 1.941.94 To access the data, click the link for your preferred software format. CSV Excel (xls) Excel (xlsx) JMP Mac-Text Minitab14-18 Minitab18+ PC-Text R SPSS TI CrunchIt! From a graph in Sabrina M. Tom et al., "The neural basis of loss aversion in decisionmaking under risk," Science, 315 (2007), pp. 515–518. © Macmillan Learning Find the correlation ?� between neural and behavioral loss aversion with the outlier. Give your answer to four decimal places. ?=�= Find the correlation ?� between neural and behavioral loss aversion without the outlier. Give your answer to four decimal places. ?=�=
Most people dislike losses more than they like gains. In money terms, people are about as sensitive to a loss of $10$10 as to a gain of $20.$20. To discover what parts of the brain are active in decisions about gain and loss, psychologists presented subjects with a series of gambles with different odds and different amounts of winnings and losses. From a subject's choices, they constructed a measure of "behavioral loss aversion." Higher scores show greater sensitivity to losses. Observing brain activity while subjects made their decisions pointed to specific brain regions.
The table contains data for 1616 subjects on behavioral loss aversion and "neural loss aversion," a measure of activity in one region of the brain.
Neural | Behavioral |
---|---|
−50.0−50.0 | 0.080.08 |
−39.1−39.1 | 0.810.81 |
−25.9−25.9 | 0.010.01 |
−26.7−26.7 | 0.120.12 |
−28.6−28.6 | 0.680.68 |
−19.8−19.8 | 0.110.11 |
−17.6−17.6 | 0.360.36 |
5.55.5 | 0.340.34 |
2.62.6 | 0.530.53 |
20.720.7 | 0.680.68 |
12.112.1 | 0.990.99 |
15.515.5 | 1.041.04 |
28.828.8 | 0.660.66 |
41.741.7 | 0.860.86 |
55.355.3 | 1.291.29 |
155.2155.2 | 1.941.94 |
To access the data, click the link for your preferred software format.
CSV Excel (xls) Excel (xlsx) JMP Mac-Text Minitab14-18 Minitab18+ PC-Text R SPSS TI CrunchIt!
Find the
Find the correlation ?� between neural and behavioral loss aversion without the outlier. Give your answer to four decimal places.
Introduction:
The software used by us is Excel.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 5 images