​With Which Choice Are You More Likely to Avoid Bid-Rigging

question 57

Multiple Choice

​With which choice are you more likely to avoid Bid-rigging cartels?

• A)​Holding smaller auctions
• B)Holding larger auctions
• C)Holding frequent auctions
• D)​Both B&C

---

Definitions:

Representativeness Heuristic

A cognitive shortcut that involves judging the probability of an event by how much it resembles what we consider to be a typical example of that event.

Availability Heuristic

A quick-thinking process that depends on the first examples that pop into someone's head when they are considering a particular subject, idea, approach, or choice.

Relative Comparisons

The act of evaluating something in relation to another similar item.

Availability Heuristic

A cognitive shortcut that relies on the immediate examples that come to a person’s mind when evaluating a specific topic, concept, method or decision.