When Using the Availability Heuristic, People Tend to Judge the Probability

question 24

Multiple Choice

When using the availability heuristic, people tend to judge the probability of an event based on:

• A) the need to be right, which makes it hard to listen to the available information with an open mind.
• B) statistical consideration of the frequency with which the event occurs in everyday life.
• C) the burden of doubt people feel about their abilities to determine probability from available information.
• D) how easy it is to think of examples or instances.

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Definitions:

Key Variables

Critical or essential factors that significantly influence outcomes or results in research, studies, or projects.

Performance Measurement

The process of evaluating how effectively an organization or individual achieves its objectives and goals.

Performance Management

A systematic process by which an organization involves its employees in improving organizational effectiveness in the accomplishment of the organization's mission and goals.

Balanced Scorecard

A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor performance against strategic goals.