Belief in the Law of Small Numbers Is a Common

question 22

Multiple Choice

Belief in the law of small numbers is a common decision-making bias that occurs when a psychologist trusts

• A)the results of a large research sample over a small sample.
• B)information obtained from a small sample of patients over larger research samples.
• C)information from colleagues over research results.
• D)the results of a small research sample as long as several studies have been conducted.

Understand the rationale for monitoring patients closely during antidepressant therapy to prevent suicide.

Apply effective communication strategies, including the formulation of no-suicide contracts with patients.

Assess a patient's suicide risk based on their behavior, verbal cues, and situation.

Identify early signs of suicidal ideation and intervene appropriately.

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Definitions:

Intrinsic Fairness

An ethical principle referring to the inherent or natural equity or justice in processes, interactions, or distributions among individuals or groups.

Rational Behavior

The assumption that individuals make decisions based on seeking the most benefit while minimizing costs, according to their preferences and information.

Economic Models

Simplified representations of complex economic processes, using mathematical techniques and assumptions to understand and predict economic behavior and outcomes.

Economic Actors

Individuals, households, businesses, and governments that make decisions about the allocation of resources and engage in the production, distribution, and consumption of goods and services.