Over Time, Most Presidents in Office Have Tended to

question 138

Multiple Choice

Over time, most presidents in office have tended to

• A) lose popularity.
• B) gain popularity.
• C) lose popularity in the first term but gain it in the second.
• D) gain popularity only during times of national crisis, such as during economic recessions.
• E) stay at about the same level of popularity throughout their terms.

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Definitions:

Representativeness Heuristic

A cognitive bias in decision-making where the likelihood of an event is estimated based on how much it resembles existing stereotypes or patterns.

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.