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:

Assets

Resources owned by an individual or business that have economic value and can be used to meet debts or commitments.

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution of a problem.

Financial Aid

Monetary support provided to students to help cover education-related expenses.

FAFSA

The Free Application for Federal Student Aid, a form completed by current and prospective college students in the United States to determine their eligibility for student financial aid.