Our Tendency to Judge the Likelihood of an Event on the Basis

question 116

Multiple Choice

Our tendency to judge the likelihood of an event on the basis of how readily we can remember instances of its occurrence is called

• A) framing.
• B) confirmation bias.
• C) belief perseverance.
• D) the availability heuristic.

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Definitions:

Ethical Development

The process of enhancing and enriching one’s understanding and practice of ethical standards in personal and professional contexts.

Duty

A moral or legal obligation; in commerce, it typically refers to a tax imposed on imports or exports.

Expectations

The beliefs or hopes about what is possible or likely to happen in the future.

Social Audit

A review and assessment of a company's business practices related to social responsibility, ethics, and impact on society.