__________ is the situation when the prediction places too little weight on the base rates of the past and instead uses different or new, recently received information.
A) Base rates
B) Historical rate fallacy
C) Base rate fallacy
D) Historical rate

Question

Quizplus · Accepted Answer

Base rate fallacy occurs when an individual ignores the base or historical rates of an event in favor of new information, even when the base rates are more indicative of the outcome.

__________ Is the Situation When the Prediction Places Too Little