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Costs, Benefits, and Perceptions in Decision Making

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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?

Due to subjective perceptions (B) Signup and view all the answers

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

Perceptions of costs and benefits (D) Signup and view all the answers

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

To account for ambiguity in costs and benefits (B) Signup and view all the answers

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

By incorporating perceptions into the decision-making process (B) Signup and view all the answers

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

By introducing uncertainty in evaluating costs and benefits (B) Signup and view all the answers

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

Due to the complexities introduced by perceptions (B) Signup and view all the answers

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

By introducing subjectivity and ambiguity into the assessment (A) Signup and view all the answers