What is one reason a gambler might bet $1,000 that a team that is ranked sixteenth will win the NCAA basketball tournament?
A) irrationality
B) overconfidence
C) exuberance
D) gambler's fallacy
B
Economics
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Given that Mattie could convincingly threatens to always fight, what would be Irene's best response
a. Enter b. Not Enter c. Run d. Hide
Economics
The price of soccer balls increases from $35 to $40, and as a result, the quantity demanded decreases from 250 to 200 . Over this price range,
a. demand is elastic. b. demand is inelastic. c. demand is of unitary elasticity. d. there is insufficient information to determine the price elasticity of demand.
Economics