Examlex
Which term refers to the relatively tangible human characteristics that describe consumers, such as age, ethnicity, sex, occupation, income, and religion?
Bias
A tendency to lean in a certain direction, often to the detriment of an open-minded assessment, stemming from personal judgement, experience, or preference.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.
Availability Heuristic
A cognitive shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.
Base Rate Fallacy
The tendency to ignore or underestimate statistical generalizations or probabilities in the evaluation of risks or likelihoods, often focusing on specific examples or narratives instead.
Q30: Which of the following is NOT a
Q37: Patrick graduated from college this year and
Q52: Demographics refers to relatively tangible human characteristics
Q59: Which religion is associated with the dietary
Q71: Cluster analysis is used to understand the
Q77: In balance theory, connector relations are the
Q95: Superordinate categories are abstract in nature and
Q108: Which of the following has NOT been
Q116: Procter and Gamble gives products to mothers
Q140: Geodemographic techniques combine data on consumer expenditures