What Is the "Global Commons" Problem

question 55

Multiple Choice

What is the "global commons" problem?

• A) A problem that can be solved only with the cooperation of the world's wealthiest countries.
• B) A problem for which no solution is apparent owing to insufficient scientific data.
• C) A problem in which the actions of a few countries could have global consequences and that requires everyone's participation to resolve.
• D) A problem requiring the participation of all the permanent members of the UN Security Council.

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Definitions:

Availability Heuristic

A cognitive bias where people overestimate the importance or frequency of information that is readily available to them.

Anchoring and Adjustment Heuristic

A mental shortcut that influences the way people intuitively assess probabilities and make decisions based on initial information.

Escalation of Commitment

The phenomenon of investing increasingly more resources into a failing course of action due to cognitive biases and sunk costs.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.