Provide an Appropriate Response

question 110

True/False

Provide an appropriate response.
- $$\text { True or false? The statement } \sin ^ { - 1 } ( \sin x ) = x \text { for all real numbers in the interval } - \frac { \pi } { 2 } < x < \frac { \pi } { 2 } \text {. }$$

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Definitions:

Availability Heuristic

A cognitive bias where people make judgments about the likelihood of an event based on how easily examples come to mind.

Endowment Effect

A cognitive bias where individuals value an owned object higher than a similar object they do not own, often affecting decision-making and market outcomes.

Framing Effects

Framing effects are cognitive biases where an individual's choice is influenced by the way information is presented, rather than just the information itself.

System 1

An automatic, fast, and often unconscious way of thinking, as described in dual-process theories of cognition.