Your two best friends each tell you about a person they know who successively started a small business.That's it,you decide,if they can do it so can you.This is an example of _____________.
A) mental accounting
B) framing bias
C) conservatism
D) representativeness bias

Question

Quizplus · Accepted Answer

This is an example of representativeness bias because the individual is using the experiences of their two best friends as representative of what they can achieve in starting a small business, without taking into account other factors such as their own skills, resources and market conditions.

Your Two Best Friends Each Tell You About a Person