Decision Heuristics Automatically Distort Either the Probability of Outcomes or the Value

question 90

True/False

Decision heuristics automatically distort either the probability of outcomes or the value (utility) of those outcomes.

---

Definitions:

Detroit

A major city in the state of Michigan, known for its significant impact on the automotive industry.

Cold War

The period of geopolitical tension between the Soviet Union and the United States and their respective allies, lasting from the end of World War II in 1945 until the dissolution of the Soviet Union in 1991.

Civil Rights Movement

The social and political movement in the United States during the 1950s and 1960s aimed at eliminating racial discrimination against African Americans and securing legal rights.

Communists

Individuals or groups who adhere to communist ideology, advocating for a classless society and the abolition of private property.