PSYCH 280 Midterm: Psych 280 Exam 2 Study Guide .docx

• School: U of M
• Department: Psychology
• Course: PSYCH 280
• Professor: Allison Earl

Document Summary

Risk aversion: example: losing is way worse than the happiness of winning , the reluctance to pursue an uncertain option with an average payoff that equals or exceeds the payoff attainable by another certain option, prefer the sure thing, example: would rather lose than risk losing it all, tendency to forgo a certain outcome in favor of a risky option with an equal or more negative average payoff, example: would risk losing it all to try to gain more. Factors affecting conformity pressure: group size, unanimous, cohesion, status, public response, public commitment. Social facilitation: response that is most likely when the response is aroused by presence of others, easy/well learned task (cid:224) dominant response is usually correct, hard/ novel task (cid:224) dominant response is not usually correct, example: you make layup because it is easy but miss 3 pointer because it is harder.