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Problem 1: A: An 60% chance of $4000 B: $3000 for sure Problem 2: C: A 20% chance of $4000 D: A 25% chance of

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Problem 1: A: An 60% chance of $4000 B: $3000 for sure Problem 2: C: A 20% chance of $4000 D: A 25% chance of $3000 How do we call the phenomenon that many people choose B over A, and Cover D? Select one: O A. The St. Petersburg Paradox B. The Disposition Effect C. The Common Ratio Effect D. None of the above

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