Question set 3: Answer THREE out of the following six questi…
Question set 3: Answer THREE out of the following six questions (2pts each) (6 total) (be sure to indicate which question you are answering) A baseball player is in a slump. He explains his recent failures in a way that is consistent with a pessimistic explanatory style. What is a pessimistic explanatory style? Provide an example of what the coach might say to help reverse the helplessness. What is the difference between price primacy and product primacy. Then provide situations in which one is more useful than the other (i.e. when is product primacy important, and when is price primacy important) Describe how the ideal and actual state speak to problem recognition. How is there reconciliation between the two? Should doctors base their patients’ end-of-life medical care on what the patient formally requested in a living will years ago, or on what the patient says they want right now? Draw upon at least one research study in explaining your response. Explain the difference between absolute risk and relative risk. How does each influence our risk perception? How might advertisers use absolute versus relative risk formatting to their advantage? Explain how expected value theory and expected utility theory are similar and how they are different.