We Often Base Our Estimates of the Likelihood of Events

question 59

Multiple Choice

We often base our estimates of the likelihood of events on how easily information is accessed. This describes the __________ heuristic.

• A)availability.
• B)representativeness.
• C)framing.
• D)anchoring and adjustment.

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Definitions:

Potential Causes

Possible factors or conditions that could lead to a specific outcome or effect.

Being Too Happy

A conceptual state where excessive happiness leads to negative outcomes or impairments in judgment, decision-making, or social relationships.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, outlining a hierarchy of human needs from basic physiological needs to self-actualization.