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The framing effect can explain why a person would feel better about having a 2 percent chance of living.

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14y ago
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2d ago

You may be suffering from risk aversion, where the fear of losing is stronger than the desire to gain, leading you to prefer a small chance of success over a high chance of failure. This behavior is often influenced by emotions and perceptions of risk.

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Q: If you would rather have a 2 percent chance of living than a 98 percent chance of dying then you are suffering from what?
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Related questions

If the chair of the board of directors says there is a 50 percent chance this company will earn a profit a 30 percent chance it will break even and a 20 percent chance it will lose money next quarteru?

There is insufficient information for us to even begin to understand this question. Please edit the question to include more context or relevant information. So the chair has made a rather unhelpful statement. What is the question?


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