When People Estimate the Probability of an Event Based on the Ease

question 36

Multiple Choice

When people estimate the probability of an event based on the ease with which examples can be brought to mind, they are using the:

• A)representativeness heuristic
• B)availability heuristic
• C)functional fixedness heuristic
• D)working backward heuristic

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Definitions:

Deferred Gratification

The ability to forgo immediate pleasures in the interest of achieving greater rewards in the future.

Work Status

The classification of an individual's employment based on criteria such as job type, full-time or part-time designation, and permanency, affecting rights and benefits.

Petit Bourgeoisie

The petit bourgeoisie typically refers to the lower middle class segment in society, often engaged in small-scale businesses or entrepreneurial ventures, possessing modest socioeconomic status.

Gini Index

A measure of the inequality of wealth or income distribution within a country.