The Tendency to Mentally Undo Events or to Ask "What

question 27

Multiple Choice

The tendency to mentally undo events or to ask "What if…?" is called

• A) base-rate fallacy.
• B) attribution.
• C) counterfactual thinking.
• D) fundamental attribution error.

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Definitions:

Normative Statement

An assertion that expresses a value judgment or opinion, discussing what ought to be rather than what is.

Scientists

Individuals engaged in systematic activities to acquire knowledge that describes and predicts the natural world, typically through observation and experimentation.

Policy Advisers

Experts who offer advice on public or corporate policy to decision-makers.

Microeconomics

The branch of economics that studies the behavior of individuals and small impacting organizations in making decisions on the allocation of limited resources.