Which of the Following Students Provides the Most Accurate Perspective

question 56

Multiple Choice

Which of the following students provides the most accurate perspective on the availability heuristic?

• A) Barbara: "The availability heuristic is actually very accurate, and it almost always leads us to the correct decision."
• B) Harley: "The availability heuristic is generally accurate, but recency and familiarity can distort our decisions."
• C) Angela: "The availability heuristic is generally accurate, except that we should be cautious about the recognition heuristic, which is not very accurate."
• D) Magda: "Unfortunately, the availability heuristic is the least accurate of the three major heuristics, especially because of the hindsight bias."

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Definitions:

Income Levels

Categories of annual or monthly earnings that individuals or households fall into based on the amount of money they make.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.

Time Management

The practice of organizing and planning how to divide one's time between specific activities to increase efficiency and productivity.

Manufacturing Equipment

Heavy industrial machines or devices used in the production process to manufacture goods and products.