Joel and Zeus Watch a Soccer Game Between Team a and Team

question 164

Multiple Choice

Joel and Zeus watch a soccer game between team A and team B on TV.Team A wins the match and Zeus exclaims,"I knew team A would win this match!" According to the biases and heuristics in decision making,it can be concluded that Zeus is employing _____ in this scenario.

• A)confirmation bias
• B)hindsight bias
• C)the availability heuristic
• D)the representativeness heuristic

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Definitions:

Simultaneous Inflation

A situation where prices of goods and services rise at the same time across different sectors of an economy.

Prices Rising

An increase in the general level of prices of goods and services in an economy over a period of time.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Market Basket

A collection of goods and services used to track price changes over time for the purpose of calculating inflation or cost of living adjustments.