Tom is considering moving to a new city.He reads that the employment rate in that city is 90%,which he thinks is very favourable.Ted is considering moving to the same city,but he reads that the unemployment rate is 10%,which he thinks is unacceptably high.Why would Tom and Ted reach such different conclusions based on the same statistics?
A) Tom received information that was framed in a favourable way,whereas Ted received the exact same information but framed in an unfavourable way.
B) Tom used base-rate data,but Ted used anecdotal data when forming his decision.
C) Tom relied on the representativeness heuristic when making his decision,whereas Ted relied on the availability heuristic.
D) Neither Tom nor Ted fully considered other cities,so both their judgements were guided by the conjunction fallacy.
Correct Answer:
Verified
Q162: _ is more robust in North Americans
Q166: People often make decisions about a current
Q168: Researchers have just discovered a new drug
Q169: Given that 1 in 10 babies is
Q171: Which view states that people choose to
Q175: According to a rational model of interference,people
Q176: George smokes and drinks,and he is overweight,but
Q177: Shannon feels miserable in her marriage but
Q178: Simon is meek,tidy,quiet,and overly concerned with order
Q199: According to prospect theory,when will people choose
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents