Heuristic is a natural tendency to evaluate probabilities of events or objects by the degree to which they resemble other events or objects rather than on objective probability information.
A)Anchoring and adjustment
B)Representativeness
C)Insufficient
D)Resemblance
E)Informational

Question

Quizplus · Accepted Answer

Representativeness heuristic is the tendency to judge the probability or likelihood of an event based on how similar it is to our prototype of that event or to the characteristics of the population from which it is drawn.

Heuristic Is a Natural Tendency to Evaluate Probabilities of Events