When Manmeet's Father Passed Away, the Will Stated That Manmeet

question 204

Multiple Choice

When Manmeet's father passed away, the will stated that Manmeet and his brother should decide how to split the estate between them. After weeks of fighting over how to divide the inheritance, Manmeet tells his brother, "I would rather both of us get nothing, than for you to get more than is right!" This somewhat irrational position is likely the result of:

• A) the fairness bias.
• B) the hindsight bias.
• C) cognitive dissonance.
• D) avoiding loss.

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Definitions:

Poisson Probabilities

The probability distribution that measures the probability of a given number of events happening in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.

Classified Department

A division within an organization or publication that deals with categorized or sorted information, often in the context of classified ads or internal classification.

Telephone Calls

A form of verbal communication or data transmission over a distance through the use of a network specifically designed for this purpose.

Randomly

In a manner lacking any predictable pattern or plan, used in statistical sampling to ensure that every individual or element has an equal chance of selection.