Business, 07.05.2021 01:50 maya8909

An outbreak of a serious viral illness has hit a small town with a population of 2,000 people. The local authorities consult with a panel of experts from a nearby medical school. The experts offer two possible approaches: Treatment A will save 500 people for sure.
Treatment B offers a 25% chance of saving 2,000 people and a 75% chance of saving no one.

The authorities then ask for a second opinion and ask another panel of experts from a second medical school. This panel suggests two options as well:

Treatment C will lead to the death of 1,500 people for sure.
Treatment D offers a 75% chance of 2,000 people dying and a 25% chance of no one dying.

If asked to make two choices-the first between A and B and the second between C and D-an official who falls prey to the disease dilemma (a famous example of a framing effect) will typically pick:

a. A and C
b. A and D
c. B and C
d. B and D

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An outbreak of a serious viral illness has hit a small town with a population of 2,000 people. The l...