According to the Availability Heuristic, We Often Base Our Probability

question 488

Multiple Choice

According to the availability heuristic, we often base our probability decisions on

• A)how well something fits a prototype
• B)our tendency to want to prove rather than disprove hypotheses
• C)our tendency to continue using old solutions to problems even though other solutions are more efficient
• D)how easy it is for us to call something up from memory

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Definitions:

Bilateral

Pertains to a contract or agreement involving two parties who each have obligations towards each other.

Ohio Uniform Commercial Code

A collection of laws that govern commercial transactions in the state of Ohio, part of a larger uniform effort to harmonize the law of sales and other commercial transactions across the United States.

Federal Common Law

A body of law developed by the federal courts that applies nationwide, based on judicial decisions rather than statutes.

Unilateral Contract

A contract where one party makes a promise in exchange for a performance by the other party, which acts as acceptance of the offer.