One Major Consequence of the Availability Heuristic Is That

question 42

Multiple Choice

One major consequence of the availability heuristic is that

• A)people may spend more resources to insure themselves against rare events, but leave themselves uninsured against more common events.
• B)someone could persist in pursuing a failed policy despite overwhelming evidence of the failure.
• C)bad decisions can be made because people will act without pausing to see whether their intuition is correct or not.
• D)some people may wrongly believe in their forecasting ability to predict future outcomes of risky investments.

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Definitions:

Sensory Input

Information received by the sensory organs (e.g., eyes, ears, skin) and transmitted to the brain for processing.

Auditory Stimuli

Sounds or noises that trigger a response from the auditory system, influencing perception and behavior.

Visual Stimuli

Any objects or events that are seen and can influence a person's behavior or emotional state.

Rehearsal

Repetition.