When Looking Back on Past Choices, Some People Feel They

question 3

Multiple Choice

When looking back on past choices, some people feel they should have exercised more and eaten less. The fact that they could not make that choice at that point in time is an example of less than optimal choices resulting from the:

• A) complicated nature of the choice.
• B) fact that the benefits and costs of choices are separated by time.
• C) fact that we don't make food and exercise choices very frequently. D. market system within which we make choices.
• D) market system within which we make choices.

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Definitions:

Representativeness Heuristic

The representativeness heuristic is a mental shortcut that involves judging the likelihood of an event by comparing it to an existing prototype in our minds.

Belief Perseverance

The tendency to maintain one's belief even in the face of contradictory evidence.

Overconfidence Phenomenon

A cognitive bias where a person's subjective confidence in their judgments is reliably greater than their objective accuracy.

Preconceptions

Ideas or opinions formed before having the evidence for their truth or usefulness, often acting as biases or assumptions.