According to Tversky and Kahneman, the Errors in Logic That

question 37

Multiple Choice

According to Tversky and Kahneman, the errors in logic that occurred in response to the "Linda the feminist bank teller" problem (where participants think it is more likely that Linda is a feminist bank teller than simply a bank teller) are due to the fact that they confused

• A)representativeness with availability
• B)representativeness with probability
• C)availability with confirmation bias
• D)availability with probability

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Definitions:

Current Liabilities

Short-term financial obligations due within one year or within a normal operating cycle.

Net Fixed Assets

The value of a company's property, plant, and equipment minus any depreciation that has been recorded on these assets.

Cash Flow

The net amount of cash being transferred into and out of a business, considered important for assessing liquidity, flexibility, and overall financial health.

Creditors

Individuals or institutions that lend money or extend credit, with the expectation of being repaid.