Examlex
What is the reasonable person standard? How is it applied to each of the following types of people?
a. Children
b. Persons with physical disabilities
c. Persons who are mentally retarded
d. Professional people with advanced degrees and training, such as doctors, lawyers, and accountants
e. Persons acting in emergency situations
f. Persons who violate statutory duties
Irrational Decision
A choice made that contradicts logical reasoning, often influenced by emotional factors or cognitive biases.
Status Quo Bias
The tendency to avoid making a decision.
Irrational Behavior
Actions or decisions that contradict logic or reasoning, often deviating from expected or standard behavior.
Overconfidence
A cognitive bias where an individual overestimates their own ability, knowledge, or control over events.
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