According to the Hindsight Bias You Would Predict Which of the Following

question 2

Multiple Choice

According to the hindsight bias you would predict which of the following results?

• A) People would be more likely to blame a prisoner than a guard for a prison uprising.
• B) If after a race were over, people were asked how confident they were that a particular horse would win, they would remember being more confident if he did win than if he did not.
• C) We tend to behave the way that people expect us to.
• D) We are more likely to make situational judgments when explaining our future behavior and make dispositional explanations when explaining our past behavior.

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Definitions:

Income

Funds accumulated over time from work or investing efforts, usually received systematically.

Utility Function

A representation in economics of how a consumer ranks different bundles of goods according to their level of satisfaction or happiness.

Tape Recorders

Devices used for recording audio onto magnetic tape and playing audio from tape.

Tapes

This term may refer to magnetic data storage tapes for information or sound recording but lacks specificity for a clear economic context. NO.