In Most Situations We Rely on Stereotypes and Categorical Thinking

question 25

Multiple Choice

In most situations we rely on stereotypes and categorical thinking rather than trying to derive new information. The authors call this:

• A) the principle of least effort.
• B) lazy thinking syndrome.
• C) closed circuit thinking syndrome.
• D) thinking inside the box.
• E) the principle of least return.

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Definitions:

Disposable Income

Disposable Income is the amount of money that households have available for spending and saving after income taxes have been accounted for.

Baby Boomers

The demographic cohort following the Silent Generation, born approximately between 1946 and 1964, known for being the result of the post-World War II baby boom.

Baby Boomers

The demographic group born during the post-World War II baby boom, approximately between the years 1946 and 1964.

Generation X

The demographic cohort following the Baby Boomers, typically defined as those born from the early-to-mid 1960s to the early 1980s.