Your two best friends each tell you about a person they know who successfully started a small business. That's it, you decide; if they can do it, so can you. This is an example of ________.
A) mental accounting
B) framing bias
C) conservatism
D) representativeness bias

Question

Quizplus · Accepted Answer

This scenario is an example of representativeness bias, as the individual is extrapolating from two anecdotes of successful small business owners to assume that they can also succeed in starting their own small business.

Your Two Best Friends Each Tell You About a Person