When the Illusory Correlation Occurs After Only One Exposure to a Behaviour

question 4

Short Answer

When the illusory correlation occurs after only one exposure to a behaviour performed by a member of an unfamiliar group, the ________________ has occurred.

---

Definitions:

Consumption

The use of goods and services by households, contributing to their satisfaction and utility.

WARP

An abbreviation for the Weak Axiom of Revealed Preference, a concept in economics that relates consumer choice to their preferences.

Bundle

A combination of goods or services that is considered together as a single composite good.

Laspeyres Price Index

An index used to measure the change in the cost of purchasing a fixed basket of goods and services over time, using the prices from the base period as weights.