Asked by Cyndi Ramirez-Mendoza on Jun 02, 2024
Verified
What is the term for basing the estimated probability of an event on the ease with which instances come to mind
A) representativeness heuristic
B) law of small numbers
C) conjunction fallacy
D) availability heuristic
Availability Heuristic
A cognitive shortcut based on the first examples that spring to mind when considering a particular topic, idea, strategy, or choice.
Estimated Probability
A statistical measure expressing the likelihood of a specific event occurring based on current evidence or past occurrences.
Instances
Specific examples or occurrences of a particular event, situation, or phenomenon.
- Understand the variety of cognitive heuristics and biases that influence decision-making procedures.
Verified Answer
Learning Objectives
- Understand the variety of cognitive heuristics and biases that influence decision-making procedures.
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