Kahneman and Tversky (1973) reported that people give __________ weight to recent experience compared to prior beliefs when making forecasts. This is referred to as ____________.
A) too little; hyper rationality
B) too little; conservatism
C) too much; framing
D) too much; memory bias

Question

Quizplus · Accepted Answer

Kahneman and Tversky (1973) reported that people give too much weight to recent experience compared to prior beliefs when making forecasts. This is referred to as memory bias.

Kahneman and Tversky (1973) Reported That People Give __________ Weight