Question
1. In the Monty Hall problem, what is the statistically best choice after Monty opens one of the two remaining doors? A. Stay with the
1. In the Monty Hall problem, what is the statistically best choice after Monty opens one of the two remaining doors?
A. Stay with the first selection
B. Change to the remaining unopened door
C. It doesnt matter as both doors have the same odds of being right
D. Cannot determine
2. In behavioral finance, what is it called when investors segregate decisions? For example, an investor may take a lot of risk with one investment account but have a very conservative account for a childs college fund. Rationally, it would be better to view all the funds as one portfolio.
A. regret avoidance
B. the Monty Hall problem
C. conservatism
D. mental accounting
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