Ignoring the base rate of events is part of ____.

Question

Quizplus · Accepted Answer

The representative heuristic is a cognitive bias in which an individual judges the likelihood of an event based on how closely it resembles their stereotypes or prototypes of that event. This can lead to them ignoring base rates, or the likelihood of an event occurring based on its frequency in the population. Option A (risk aversion) refers to the tendency to avoid taking risks even when the potential benefits outweigh the costs, option B (an exemplar) refers to a specific example or instance that is used to represent a group, and option D (insight) refers to a sudden and unexpected realization or solution to a problem.

Ignoring the Base Rate of Events Is Part of ____