Which of the following describes base rate fallacy?
A)The tendency to think that the odds of an event happening are affected by prior events.
B)The belief that two variables, characteristics, or events are related when no such relation exists in reality.
C)Seeking information that affirms one's beliefs.
D)None of the above

Question

Quizplus · Accepted Answer

None of the above correctly explain the base rate fallacy.
Base rate fallacy refers to the overuse of case-specific information while relying too little on data based on the actual base rate of an event when estimating its likelihood. The first three answer choices describe the gambler's fallacy, illusionary correlation, and confirmation bias respectively.

Which of the Following Describes Base Rate Fallacy