When People Commit the Base-Rate Fallacy, They Often

question 96

Multiple Choice

When people commit the base-rate fallacy, they often

• A) rely too heavily on the availability heuristic.
• B) believe that the conjunction of two events is more likely than either event by itself.
• C) pay too little attention to information about relative frequency.
• D) are especially likely to demonstrate the hindsight bias.

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Definitions:

Duplicate Work

Performing the same task or creating the same product multiple times, often unnecessarily, leading to inefficiency.

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To defeat or gain an advantage over someone through greater intelligence, cleverness, or cunning.

Tech Savvy

The ability to easily understand and utilize technological tools and innovations.

To-Do List

A list of tasks or activities one needs to complete, serving as a tool for organization and productivity.