Reference no: EM133347186

Questions

1. In the context of loss aversion, identify a true statement about sunk-cost fallacy.

a. People ascribe greater value to things they already own, compared to objects owned by someone else.

b. People disregard prior experiences or failures when making predictions about the possibility of an outcome.

c. People are reluctant to give up on a venture because of past investment.

d. People tend to report falsely, after the fact, that they accurately predicted an outcome.

2. Which of the following is true of opiates?

a. They decrease the risk of exposure to HIV.

b. They aggravate body pain.

c. They depress the central nervous system's activity.

d. They decrease a person's appetite for food and sex.