Base Rates Are Linked to Which Judgment Error

question 48

Multiple Choice

Base rates are linked to which judgment error?

• A)availability
• B)adjustment
• C)anchoring
• D)representativeness
• E)overconfidence

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Innovation

The introduction of something new, such as an idea, method, technology, or product, that creates value or makes significant improvements over existing solutions.

Business Mortality

The concept or rate at which businesses fail or cease operations, often used in studies of business lifespan and success factors.