Motivation and right-oriented bias. Evolutionary theory suggests that motivated decision makers tend to exhibit a right-oriented bias. (For example, if presented with two equally valued brands of detergent on a supermarket shelf, consumers are more likely to choose the brand on the right.) In Psychological Science (November 2011 ), researchers tested this theory using data on all penalty shots attempted in World Cup soccer matches (a total of 204 penalty shots). The researchers believed that goalkeepers, motivated to make a penalty-shot save but with little time to make a decision, would tend to dive to the right. The results of the study (percentages of dives to the left, middle, or right) are provided in the table. Note that the percentages in each row, corresponding to a certain match situation, add to 100%. Use graphs to illustrate the distribution of dives for the three match situations. What inferences can you draw from the graphs?
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Chapter 2 Solutions
EP STATISTICS F/BUS.+ECON.-ACCESS 18 WK
- not use ai pleasearrow_forwardand u (C1, C2) = 1/2 = f) Derive analytically and show graphically the solution under other util- ity functions such as u (C1, C2) ac₁+bc2 where a, b > 0, u (C1, C2) = ac₁+bc1/2 acbc2 (assume that the agent is sufficiently rich to avoid the corner solution). What of these utility functions reflects best your own preferences (or indicate other utility function that represent your pref- erences).arrow_forwardnot use ai please don'tarrow_forward
- Explain if any states are not a “friendly” place for tax preparers, payday lenders, title pawn lenders, and “credit approved” used car dealers to operate in and what they have done, regulation-wise.arrow_forwardExplain the regulation or lack of regulation of payday lenders, title pawn lenders, and “credit-approved” used car dealers in Alabama.arrow_forwardExplain why people should avoid the business model of payday lenders, title pawn lenders, and “credit approved” used car dealers.arrow_forward
- Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
- Microeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506893Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage LearningMacroeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506756Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
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