The _______ is an example of a decision-making error in which someone fails to properly estimate the probability of a particular outcome after being given additional information.
A) Tower of Hanoi problem
B) Monty Hall problem
C) framing effect
D) availability heuristic

Question

Quizplus · Accepted Answer

The Monty Hall problem is a famous probability puzzle that demonstrates a counterintuitive aspect of probability and decision-making, where people often fail to adjust their probability estimates when given new information.

The _______ Is an Example of a Decision-Making Error in Which