In Rosenhan's Study Using Pseudo-Patients Who Attempted to Be Admitted

question 45

Multiple Choice

In Rosenhan's study using pseudo-patients who attempted to be admitted to a mental hospital, which error described in Chapter 8 was most likely responsible for their incorrect diagnoses?

• A)availability heuristic
• B)confirmation bias
• C)gambler's fallacy
• D)my-side bias

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Definitions:

Economic Welfare Loss

A decrease in social welfare, usually due to inefficiency in the allocation of resources or market failure.

Monopolist

A single seller in a market with no close substitutes for the product, giving them considerable control over the price.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum price that each consumer is willing to pay, eliminating consumer surplus and maximizing profits.

Monopolist

An individual or entity that is the sole provider of a particular good or service in the market, possessing significant control over pricing and supply.