asked 13.3k views
2 votes
A rational decision maker must choose between two alternatives. Alternative 1 has a higher EMV than Alternative 2, but the decision maker chooses Alternative 2. What might explain why this occurs?

asked
User Hbinduni
by
7.9k points

1 Answer

4 votes

Answer: Alternative 2 may have a higher expected utility.

answered
User The Head Rush
by
7.9k points
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