Are Events a and B Collectively Exhaustive? Why

question 59

Essay

Are events A and B collectively exhaustive? Why?

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Definitions:

Hindsight Bias

is the tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I-knew-it-all-along" effect.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome.

Illusory Correlations

The perception of a relationship between two variables even when no such relationship exists.

Commonsense Understanding

The basic level of practical knowledge and reasoning about everyday situations and tasks.