In the _________ bias, a decision maker tends to assess the likelihood of an event occurring based on one's impressions about similar occurrences.
A) Confirmation
B) Availability
C) Representativeness
D) Overconfidence
E) Framing

Question

Quizplus · Accepted Answer

Representativeness bias occurs when a decision maker assesses the probability of an event occurring based on how similar it appears to the typical case or stereotype of that event. This can result in a failure to take into account other important factors that may affect the likelihood of the event occurring. Confirmation bias is the tendency to search for information that confirms one's preconceptions, while availability bias is the tendency to rely on information that is readily available. Overconfidence bias occurs when a decision maker overestimates their abilities or the accuracy of their judgments, and framing bias occurs when the way information is presented or framed affects the way it is interpreted.

In the _________ Bias, a Decision Maker Tends to Assess