A Psychologist Who Assumes That a Particular Pattern of Responses

question 6

Multiple Choice

A psychologist who assumes that a particular pattern of responses on a test is indicative of a specific diagnosis,but does not take into account the probability of both the pattern of test responses and of the diagnosis,s/he is engaging in a(n) I

• A)anchoring and adjustment heuristic.
• B)hindsight bias.
• C)inattention to base rates.
• D)confirmatory bias.

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Definitions:

Competitive Buyer

A buyer in a market who has no influence on the market price and must accept the market price as given.

Marginal Expenditure Curve

Curve describing the additional cost of purchasing one additional unit of a good.

Factor of Production

An economic resource that is used to produce goods and services, including land, labor, capital, and entrepreneurship.

Average Expenditure Curve

Supply curve representing the price per unit that a firm pays for a good.