The certainty effect shows that
A) people are overconfident about their choices.
B) people prefer certain outcomes to uncertain outcomes even when the expected value of the uncertain outcome is lower.
C) people prefer certain outcomes to uncertain outcomes even when the expected value of the uncertain outcome is higher.
D) people prefer certain outcomes to uncertain outcomes even when the expected values are the same.
C
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A firm's demand for labor curve
A) is the same as its value of marginal product of labor curve. B) shows how many jobs the firm demands at different wage rates. C) shifts rightward when the price of the firm's output falls. D) None of the above answers are correct.
What results has the Republic of Korea experienced from its change in policies?
What will be an ideal response?