Multiple choice

Directions: Fill the gaps in the passage below with the most appropriate words from the options given for each gap. The right words are the ones used by the author. Be guided by the author's overall style and meaning when you choose the answers.

On Nuemann and Morgenstern assume a decision framework in which all options are thoroughly considered, each option being independent of the others, with a numerical value derived for the utility of each possible outcome (these outcomes electing, in turn, all possible combinations of choices). The decision is then made to maximise the expected utility. (1) _____, such a model reflects major simplifications of the way decisions are made in the real world. Humans, not able to process information as quickly and effectively as the model assumes, tend not think (2) _____ as easily as the model calls for; they often deal with a particular option without really assessing its (3) ________ and when they do assess alternatives, they may be extremely nebulous about their criteria of evaluation.

  1. quantitatively

  2. systematically

  3. scientifically

  4. analytically

  5. logistically
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The phrase in first passage - 'these outcomes electing, in turn, all possible combinations of choices' provides clue for this blank. As a number of combinations are possible and somebody using that model would have to consider only one option at a time, therefore 'quantitatively' in option (1) fits our prediction.

Keep practicing — related questions