What Is the Market Share of Bank 3 A)125 Percent

question 67

Multiple Choice

What is the market share of Bank 3? $$\begin{array} { | c | r | } \hline \text { Bank } & \text { Asset Size } \\\hline 1 & \text { \$100 million } \\\hline 2 & \text { \$200 million } \\\hline 3 & \text { \$500 million } \\\hline\end{array}$$

• A)12.5 percent.
• B)37.5 percent.
• C)25.0 percent.
• D)62.5 percent.
• E)50.0 percent.

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Definitions:

Paradox of Choice

The phenomenon where having too many options leads to anxiety and difficulty making a decision.

Algorithm

A specific procedure or set of rules to be followed in calculations or problem-solving operations.

Availability Heuristic

is a cognitive shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Representativeness Heuristic

A cognitive shortcut used in decision making, where the likelihood of an object belonging to a category is judged based on how similar it is to one's conception of that category.