Representativeness bias is the tendency to:
A) begin with an anchor, or starting point, and insufficiently adjust from there.
B) assess the likelihood that something belongs in a category by judging how similar it is to that category.
C) assess how well an outcome matches up with the desired outcome.
D) begin with a starting point and insufficiently adjust from there.
Correct Answer:
Verified
Q120: If attention-grabbing events distort your probability assessments,
Q121: Anchoring bias is the tendency to:
A)focus on
Q122: Which of the following statements is consistent
Q123: Anchoring bias leads to _ of success
Q124: The tendency to assess the likelihood that
Q126: The tendency to mispredict your utility by
Q127: Focusing illusion is the tendency to:
A)assess how
Q128: If Pattica is suffering from focusing illusion
Q129: Evaluating your payoffs as gains or losses
Q130: What is meant by the statement "Risk
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