The Judgment Bias That Leads a Decision Maker to Compare

question 142

Multiple Choice

The judgment bias that leads a decision maker to compare a current event to past events about which the person has knowledge is

• A) The representativeness heuristic.
• B) The anchoring and adjustment heuristic.
• C) The availability heuristic.
• D) No answers are correct.

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Definitions:

Restitution

The act of restoring something to its original state or compensating for loss or damage; in law, it usually refers to the compensation for harm or injury.

Incidental Damages

Expenses reasonably incurred by one party due to another party's breach of contract, such as costs to mitigate damages or to obtain substitute performance.

Arise Directly

Refers to issues or consequences that occur as a direct result of an action or event, with no intermediary steps.

Restitution

Restitution is the act of compensating for loss or damage caused by one’s actions, often involving the return of stolen goods or payment of money to cover damages.