Estimating Your Probability of Doing Something Increases Your Probability of Actually

question 47

Short Answer

Estimating your probability of doing something increases your probability of actually doing it.This observation is known as the ______ _________ effect.

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Definitions:

Years

A period of time consisting of 365 days (or 366 in a leap year), used as a standard unit of time to compare the duration of events or the intervals between them.

Quoted Rate

The stated interest rate or financial charge on a loan or financial product.

Interest

The charge for borrowing money, typically expressed as a percentage of the amount borrowed.