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Psychology
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Risk, Probability and Expected Outcomes
Grade Level
Psychology
PSY.173 Risk, Probability and Expected Outcomes
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A student recommends an option by saying, “It has the highest expected benefit, but the estimate is uncertain and it only fits our plan if we value speed more than creativity.” What makes this recommendation strong?
A
It hides uncertainty so the choice sounds more confident.
B
It assumes the highest expected benefit is always the final answer.
C
It states the expected outcome while also naming uncertainty and the value condition.
D
It treats speed as the only possible value for every group.
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