Costs, Benefits, and Perceptions in Decision Making
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Questions and Answers

What is considered an important aspect of the 'mental math' that influences behavior?

  • Social influences
  • Perceptions (correct)
  • Emotions
  • Objective facts
  • What do value-expectancy theories need to consider in addition to costs and benefits?

  • Immediate gratification
  • Perceptions (correct)
  • Social norms
  • Economic factors
  • What do value-expectancy theories need to consider regarding benefits, as mentioned in the text?

  • Immediate vs. delayed benefits (correct)
  • Fixed benefits
  • Social benefits
  • Unknown benefits
  • In the context of behavior, why are costs and benefits sometimes not straightforward?

    <p>Due to subjective perceptions</p> Signup and view all the answers

    Which element is emphasized as crucial for understanding behavior in the given text?

    <p>Perceptions of costs and benefits</p> Signup and view all the answers

    Why are perceptions considered important in the context of 'mental math' that influences behavior?

    <p>To account for ambiguity in costs and benefits</p> Signup and view all the answers

    How do value-expectancy theories adjust for perceptions of immediate vs. delayed benefits?

    <p>By incorporating perceptions into the decision-making process</p> Signup and view all the answers

    In what way do perceptions impact the assessment of costs and benefits according to the text?

    <p>By introducing uncertainty in evaluating costs and benefits</p> Signup and view all the answers

    Why can it be challenging to differentiate between instant and delayed benefits in decision-making?

    <p>Due to the complexities introduced by perceptions</p> Signup and view all the answers

    How do perceptions contribute to the complexity of assessing costs and benefits in decision-making processes?

    <p>By introducing subjectivity and ambiguity into the assessment</p> Signup and view all the answers

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