[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-174056-en":3,"doc-seo-174056-105":30,"detail-sidebar-cat-1-en-105":90},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":11,"category_id":12,"category_name":13,"doc_title":14,"doc_description":15,"doc_content":16,"file_id":17,"file_url":18,"file_type":19,"file_size":20,"view_count":4,"is_deleted":4,"is_public":11,"is_downloadable":11,"audit_status":11,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":15,"update_tm":28,"read_time":29},174056,1099525198933,"Terk","https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d",1,17,"Forms","PSY 375 Module Six Lab Worksheet Template","PSY 375 Module Six Lab Worksheet Template guides learners to complete a lab reflection by replacing bracketed placeholders with experience-based responses. It requires APA-style citation for any objective claims, ensuring academic attribution. The worksheet covers three experiments—Monty Hall, Wason Selection, and Risky Decisions—asking students to compare results with module predictions, explain underlying mechanisms, and interpret what each task reveals. It concludes with connecting these cognitive tasks to financial decision relevance, including confirmation bias and risk-reward tradeoffs.","PSY 375 Module Six Lab Worksheet Template\nComplete this template by replacing the bracketed text with the relevant information that reflects your experience in this lab activity. However, when stating objective facts, all concepts and ideas requiring attribution must be cited according to APA style.\nMonty Hall Lab\nData\nLab Questions\nDid your results match those predicted as described in the output? Explain how your results did or did not match the prediction. My results were similar to what was explained in the module introduction. When I switched doors, I got the estimated average percentage correct, almost spot-on. I find it interesting how close it was to what was initially estimated!\nWhy does switching your choice lead to better odds in the long run? Switching your choice leads to better odds because you have a 1/3 chance of being correct after you choose your door. Once a random door is opened, it would always be the door that doesn’t have the prize behind it. That leaves two doors, and one will have the prize behind it, leading to a higher percentage of you choosing the correct door.\nWason Selection Lab\nData\nLab Questions\nWhy should we expect that the proportion correct should be higher for the thematic rules? Generally, the rate of correct answers for thematic rules is higher than for abstract ones. Using existing knowledge in thematic situations is more accessible and helps select the cards. In contrast, with abstract scenarios, you can only make choices based solely on your logical reasoning.\nWhat does the Wason Selection task tell us about seeking confirmation of our beliefs versus seeking falsification of our beliefs? The Wason Selection task tells us that affirming your views is much easier than finding them false. It’s more straightforward for humans to find logical answers to issues we might be facing than to see things differently or from a different point of view that we don’t entirely agree with.\nRisky Decisions Lab\nData\u000f\nLab Questions\nDid you get the predicted results? If so, how so? If not, why not? Overall, my results were similar to what was predicted. I was more likely to make a less risky choice than a riskier one. I made choices based on weighing the benefits and the risks. It was more probable that I would do something more dangerous when there was a better probability of winning than when there wasn’t. I feel like most people would do the same thing.\nWhat does this study demonstrate? In other words, what is the main point of this experiment? The primary purpose of this experiment would be to show how individuals respond to risky situations. Depending upon the prospective amount they might gain or lose, individuals exhibit varying levels of caution. People tend to accept those risks when faced with the potential for a gain and the probability that it is more in their favor. People are more likely to choose the less risky option when faced with a lower chance of gain or a higher possibility of loss.\nModule Question\nWhat is the relevance of the Wason Selection task and Risky Decisions for financial decisions? Both tools are utilized for many things, including financial decision-making. The Wason Selection task suggests that people favor information that confirms their thoughts and feelings. At the same time, risky decisions are usually made by weighing options and making decisions based on several factors, including risk and reward variables. These methods can be used for making financial decisions like investing in the stock market, budgeting, saving for unforeseen expenses, and other financial savings and investments.","cbCais988wzBnCjv","https://ap.wps.com/l/cbCais988wzBnCjv","docx",236128,4,"English","en",105,"# Monty Hall Lab\n## Lab Questions\n# Wason Selection Lab\n## Lab Questions\n# Risky Decisions Lab\n## Lab Questions\n# Module Question","[{\"question\":\"What should students do when completing this lab worksheet template?\",\"answer\":\"Replace the bracketed text with relevant information reflecting experience from the lab activity, and cite any objective facts or ideas that require attribution using APA style.\"},{\"question\":\"How does the Monty Hall task explain why switching doors improves odds?\",\"answer\":\"After choosing a door, there is a 1/3 chance the first choice is correct. When one non-prize door is opened, the remaining two doors include the prize with higher probability on the switch, leading to better long-run odds.\"},{\"question\":\"Why are risky decisions and the Wason Selection task relevant to financial decision-making?\",\"answer\":\"The Wason task highlights how people favor information that confirms beliefs, while risky decisions emphasize weighing risk and reward. Together, they inform how individuals invest, budget, save, and respond to uncertainty.\"}]","PSY 375 Module Six Lab Worksheet Template | DOCX",1788309907,2,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":14,"keywords":34,"description":15,"schema_data":35,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":28},"psy-375-module-six-lab-worksheet-template","",{"@graph":36,"@context":84},[37,52,67],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,47,50],{"item":41,"name":42,"@type":43,"position":11},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":29},"https://docshare.wps.com/template/","Template",{"item":48,"name":13,"@type":43,"position":49},"https://docshare.wps.com/template/forms/",3,{"item":51,"name":14,"@type":43,"position":21},"https://docshare.wps.com/template/psy-375-module-six-lab-worksheet-template/174056/",{"url":51,"name":14,"@type":53,"author":54,"headline":14,"publisher":56,"fileFormat":59,"inLanguage":23,"description":15,"dateModified":60,"datePublished":61,"encodingFormat":59,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":41,"name":57,"@type":58},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-09-03","2026-09-02",true,{"@type":64,"interactionType":65,"userInteractionCount":11},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What should students do when completing this lab worksheet template?","Question",{"text":74,"@type":75},"Replace the bracketed text with relevant information reflecting experience from the lab activity, and cite any objective facts or ideas that require attribution using APA style.","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"How does the Monty Hall task explain why switching doors improves odds?",{"text":79,"@type":75},"After choosing a door, there is a 1/3 chance the first choice is correct. When one non-prize door is opened, the remaining two doors include the prize with higher probability on the switch, leading to better long-run odds.",{"name":81,"@type":72,"acceptedAnswer":82},"Why are risky decisions and the Wason Selection task relevant to financial decision-making?",{"text":83,"@type":75},"The Wason task highlights how people favor information that confirms beliefs, while risky decisions emphasize weighing risk and reward. Together, they inform how individuals invest, budget, save, and respond to uncertainty.","https://schema.org",{"og:url":51,"og:type":86,"og:title":14,"og:site_name":57,"og:description":15},"article",{"robots":88,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":91},[92,97,102,107,112,117,120,125,130],{"id":93,"doc_module":11,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},11,"Presentations",90,"presentations",{"id":98,"doc_module":11,"doc_module_name":46,"category_name":99,"show_sort_weight":100,"slug":101},12,"Resumes",80,"resumes",{"id":103,"doc_module":11,"doc_module_name":46,"category_name":104,"show_sort_weight":105,"slug":106},14,"Invoices",70,"invoices",{"id":108,"doc_module":11,"doc_module_name":46,"category_name":109,"show_sort_weight":110,"slug":111},15,"Posters",60,"posters",{"id":113,"doc_module":11,"doc_module_name":46,"category_name":114,"show_sort_weight":115,"slug":116},16,"Social Media",50,"social-media",{"id":12,"doc_module":11,"doc_module_name":46,"category_name":13,"show_sort_weight":118,"slug":119},40,"forms",{"id":121,"doc_module":11,"doc_module_name":46,"category_name":122,"show_sort_weight":123,"slug":124},18,"Letters",30,"letters",{"id":126,"doc_module":11,"doc_module_name":46,"category_name":127,"show_sort_weight":128,"slug":129},21,"Paper Templates",5,"papers-templates",{"id":131,"doc_module":11,"doc_module_name":46,"category_name":132,"show_sort_weight":4,"slug":133},158,"General","general-158"]