The Rule of Thumb That Estimates the Frequency of an Event

question 18

Multiple Choice

The rule of thumb that estimates the frequency of an event by the ease with which it is possible to summon examples from memory is the:

• A)adjustment heuristic.
• B)anchoring heuristic.
• C)representative heuristic.
• D)availability heuristic.

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Definitions:

Buffer

A temporary storage area used to manage data transfer between devices or processes that operate at different speeds or with different priorities.

Explanation

A statement or account that makes something clear by describing it in more detail or revealing relevant facts.

Positive Statement

A factual assertion that can be tested or verified, often used in economics to describe how the world is, as opposed to how it should be.

Indirect Approach

A communication method where the main point or message is not directly stated at the beginning, often used in writing or speech to build suspense or be polite.