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What Heuristic Is Felita Most Likely Applying When She Assumes

question 53

Multiple Choice

What heuristic is Felita most likely applying when she assumes her husband will be late to pick her up since he has been late the last three evenings?


Definitions:

Tax Refund

A tax refund is the return of excess taxes paid by an individual or business to the government, usually received after the annual tax return is processed.

Whole Life Insurance

A type of insurance that combines a life insurance policy with an investment feature; policyholders pay a premium that is divided between the insurance portion and the investment portion.

Cash Value

The value of the investment portion of a whole life insurance policy.

S&P 500

A stock market index that measures the stock performance of 500 of the largest companies listed on stock exchanges in the United States.

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