Benefits of Reference Class Forecasting Include

question 92

Multiple Choice

Benefits of Reference Class Forecasting include

• A) acts as a reality check.
• B) helps to avoid unsound optimism.
• C) provides a basis for contingency funds.
• D) leads to improved accountability.
• E) All of these alternatives are correct.

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Definitions:

Social Interest

A concept in psychology referring to a person's inclination towards being cooperative, contributing to the welfare of others, and social belonging.

Basic Mistakes

Fundamental errors in thinking or behavior that contribute to psychological difficulties, as per Adlerian psychology.

Lifestyle

The way in which a person or group lives, including their behaviors, attitudes, and values.

Faulty Interpretations

Incorrect or misleading understandings or assumptions about a situation or event.