question,optionA,optionB,optionC,optionD,solution,Qnum
I used the lottery switch-point procedure to determine how much Sally values a chocolate bar. Which of the following is a potential negative outcome for Sally if she lies about her switch-point?,Sally will always receive the chocolate bar,Sally may not always get her preferred outcome,Both of the above options,There are no negative consequences associated with lying for Sally,B,1
"Mishika must pick between a toy and some money. She would prefer the toy to $3, and prefer $5 to the toy. Suppose Mishika is given $4. Which of the following can we conclude?","She would be happier if she received the toy, as her monetary switch point is $5","She would be less happy if she received the toy, as her monetary switch point is $3","She would be exactly as happy if she received the toy, as her monetary switch point is $4",We cannot determine whether the toy would make Mishika less or more happy as we do not know her monetary switch point,D,2
"I used the monetary switch-point procedure to determine how much Christian values a muesli bar. Christian is allergic to nuts, and so prefers any amount of money to a muesli bar. What can we infer about Christian’s switch-point?",Christian’s switch-point is less than $2,Christian’s switch-point is more than $2,Christian’s switch-point is equal to $2,The question provides insufficient information to pick one of the above,A,3
"I used the monetary switch-point procedure to determine how much Sabi values a soft drink. Sabi's true switch-point is $4, but he lied and told me his switch-point is $6. What happens if I randomly select question 501 (which corresponds to $5)?","Sabi receives $5, which he prefers to the soft drink","Sabi receives the soft-drink, which he prefers to $5","Sabi receives the soft drink, but would prefer $5","Sabi receives $5, but he would prefer the soft drink",C,4
"I used the lottery switch-point procedure to determine how much Borys values a pizza. His true switch-point is $7, but he lied and told me his switch-point is $5. What happens if I randomly select question 801 (which corresponds to $8)?","Borys receives $8, which he prefers to the pizza","Borys receives $8, but would prefer the pizza","Borys receives the pizza, which he prefers to $8","Borys receives the pizza, but would prefer the $8",A,5