Someone who overlooks base-rate information is likely to make which kind of error?

Question

Quizplus · Accepted Answer

Overlooking base-rate information means ignoring the frequency or probability of events, which can lead to mistaking a common event for a rare one. Therefore, the error associated with ignoring base rates is identifying some common event as if it were some other, rare event. A) accepting too large a risk of losing a large amount may be the result of overestimating the probability of a rare event. B) accepting the first hypothesis considered and rejecting all others may be a result of confirmation bias or premature closure. C) being excessively cautious about making any decision at all is not necessarily related to overlooking base rates.

Someone Who Overlooks Base-Rate Information Is Likely to Make Which