Which one of the following statements is correct?
A) The representative heuristic describes a bias in human behaviour which consists of drawing inferences from small samples that are too strong and doing the opposite for large samples.
B) Hubris is a type of overconfidence relating to takeovers whereby bidding managers overestimate the takeover gains.
C) Heuristic simplification consists of simplifying decision problems by using rules of thumb.
D) All of the above.
Correct Answer:
Verified
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A)experts
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