The Tendency to Not Appreciate That Others' Behavior Is as Much

question 64

Multiple Choice

The tendency to not appreciate that others' behavior is as much constrained by events and circumstances as our own would be if we were in their position is known as the

• A)false consensus effect.
• B)fundamental attribution error.
• C)bandwagon effect.
• D)overconfidence effect.

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Definitions:

Borrow

The action of receiving something from another party with the intention of returning it or its equivalent at a later date.

Ordinary Annuity

A series of equal payments made at regular intervals over a specified period of time, with interest compounding at the end of each period.

Compounded Quarterly

Pertains to the process of calculating interest on a principal sum where the interest is added to the principal at the end of every quarter, thus interest in the next quarter is then earned on the new total.

Payments

Transactions by which goods, services, or obligations are paid for through the transfer of money or its equivalents.