When a decision is made on concrete verifiable data, the decision is based on:
A) subjective probabilities.
B) objective probabilities.
C) framing.
D) the representativeness heuristic.

Question

Quizplus · Accepted Answer

Objective probabilities are based on concrete verifiable data, while subjective probabilities are based on personal beliefs and emotions. Framing refers to how information is presented, and the representativeness heuristic is a mental shortcut where individuals make judgments based on how closely something matches their preconceived stereotypes or prototypical images.

When a Decision Is Made on Concrete Verifiable Data, the Decision