Risky Decisions questions: 1. According to the background information for this CogLab, what distinguishes a "gamble" from a "sure thing"? Without using the examples in the CogLab, give 2 real-world examples of situations when someone may have to decide between two options: a gamble vs. a sure thing. A sure thing is a guaranteed outcome. A gamble is when someone takes a risk hoping that the result will positively benefit them. Proportion of Gamble Trials Condition Less Risky Small Gain 1.000 Large Gain 0.750 Small Loss 1.000 Large Loss 1.000 More Risky 0.000 0.000 0.000 0.000 Lapa Proportion of ander Cordion