In Situations Where We Have Limited Information, Some People Tend

question 190

Multiple Choice

In situations where we have limited information, some people tend to assume the worst will happen. This systematic tendency in thinking is known as

• A) inferential statistics.
• B) a prototype.
• C) an algorithm.
• D) a cognitive bias.

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Definitions:

Social Entrepreneur

An individual who pursues novel applications that have the potential to solve community-based problems with an emphasis on social change.

Nobel Prize Winner

An individual awarded one of the Nobel Prizes, prestigious international accolades given annually across several categories including Peace, Literature, and various Sciences.

Muhammad Yunus

A Bangladeshi social entrepreneur, banker, economist, and civil society leader awarded the Nobel Peace Prize for founding the Grameen Bank and pioneering the concepts of microcredit and microfinance.

Entrepreneurship

is the activity of setting up a business or businesses, taking on financial risks in the hope of profit.