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Pam and Angela work in the same office. On the way into work…

Posted byAnonymous June 16, 2021August 25, 2023

Questions

Pаm аnd Angelа wоrk in the same оffice. On the way intо work one morning, Pam listened to a radio report about a woman who had just one $100 million in the lottery. The report went into a huge amount of detail about how the woman was going to spend her prize. Angela drove into work without listening to the radio. That day a co-worker asked both Pam and Angela if they wanted to take part in an office lottery pool. Angela said, “No. The odds of winning are so low it’s not worth it.” Pam on the other hand said, “I don’t know. The odds seem like they might be pretty good.” The fact that Pam’s estimate of the odds of winning the lottery is higher than Angela’s estimate is consistent with what decision-making issue?

Pаm аnd Angelа wоrk in the same оffice. On the way intо work one morning, Pam listened to a radio report about a woman who had just one $100 million in the lottery. The report went into a huge amount of detail about how the woman was going to spend her prize. Angela drove into work without listening to the radio. That day a co-worker asked both Pam and Angela if they wanted to take part in an office lottery pool. Angela said, “No. The odds of winning are so low it’s not worth it.” Pam on the other hand said, “I don’t know. The odds seem like they might be pretty good.” The fact that Pam’s estimate of the odds of winning the lottery is higher than Angela’s estimate is consistent with what decision-making issue?

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Tags: Accounting, Basic, qmb,

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