Von 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 reflecting, in turn, all possible combinations of choices). The decision is then made to maximize the expected utility.
... 1 ... such a model reflects major simplifications of the way divisions are made in the real world. Humans are not able to process information as quickly and effectively as the model assumes; they tend not to 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
Select the most appropriate word to fill in the blank:
"... 1 ... such a model reflects major simplifications of the way divisions are made in the real world."
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- Regrettably
- Firstly
- Obviously
- Apparently
The Correct Option is C
Solution and Explanation
"Humans are not able to process information as quickly and effectively as the model assumes; they tend not to think ... 2 ... as easily as the model calls for."
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- quantitatively
- systematically
- scientifically
- analytically
The Correct Option is D
Solution and Explanation
"They often deal with a particular option without really assessing its ... 3 ..."
Show Hint
- implications
- disadvantages
- utility
- alternatives
The Correct Option is A
Solution and Explanation
Top Questions on Fill in the Blanks
Fill in the blanks in the given sentences of List-I with the appropriate words given in List-II:
List-I (Sentences) and List-II (Words)
List-I (Sentences) List-II (Words) (A) I read the mystery novels (II) because they captivate my imagination. (B) This is the place (III) where he was born. (C) Many things have happened (IV) since we met last time. (D) (I) unless You tell me the truth, I will not allow you to go. Choose the correct answer from the options given below:
- CUET (UG) - 2025
- English
- Fill in the Blanks
Match the words in List-I with their definitions in List-II:-
List-I (Words) List-II (Definitions) (A) Abdicate (IV) To give up a throne or other office of dignity (B) Expurgate (I) To remove offensive portion of a book (C) Plagiarism (II) Literary theft (D) Besiege (III) To surround a place with the intention of capturing Choose the correct answer from the options given below:
- CUET (UG) - 2025
- English
- Fill in the Blanks
- Fill in the blank with the correct option:- The two friends appear to have fallen .......... a minor issue.
- CUET (UG) - 2025
- English
- Fill in the Blanks
- Fill in the blank with the correct word from the options given below to make a meaningful sentence:- Sara was so .......... that she did not take much time to make up her min(D)
- CUET (UG) - 2025
- English
- Fill in the Blanks
- Fill in the blank with the correct word from the options given below:- She is standing ............ her husband in this crisis.
- CUET (UG) - 2025
- English
- Fill in the Blanks
Questions Asked in CAT exam
- Let $x$, $y$, and $z$ be real numbers satisfying
\(4(x^2 + y^2 + z^2) = a,\)
\(4(x - y - z) = 3 + a.\)
Then $a$ equals ?- CAT - 2024
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- The sum of all real values of $k$ for which $(\frac{1}{8})^k \times (\frac{1}{32768})^{\frac{4}{3}} = \frac{1}{8} \times (\frac{1}{32768})^{\frac{k}{3}}$ is
- CAT - 2024
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- ABCD is a rectangle with sides AB = 56 cm and BC = 45 cm, and E is the midpoint of side CD. Then, the length, in cm, of radius of incircle of \(\triangle ADE\) is
- CAT - 2024
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When $10^{100}$ is divided by 7, the remainder is ?
- CAT - 2024
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- If $(a + b\sqrt{n})$ is the positive square root of $(29 - 12\sqrt{5})$, where $a$ and $b$ are integers, and $n$ is a natural number, then the maximum possible value of $(a + b + n)$ is ?
- CAT - 2024
- Algebra