Which of the Following Is One of the Reasons That

question 10

Multiple Choice

Which of the following is one of the reasons that labelling is not fair?

• A) Everyone engaged in criminal activity,no matter how serious the crime,has the deviant label applied to them.
• B) Some have not involved in deviant behaviour,but are labelled as such.
• C) The label lasts forever.
• D) It is only applied to those engaged in "street-level" crime.

Identify the consequences of the anchoring and adjustment heuristic in estimation processes.

Discuss the phenomenon of illusory correlation and its implications for societal perceptions.

Understand the mechanism and effects of the gambler's fallacy and "hot hand" misconception.

Analyze the influence of confirmation bias on information processing and belief formation.

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Definitions:

Risky Asset

A financial instrument or investment that has a high degree of uncertainty regarding its returns or potential for loss.

Standard Deviation

An indicator of the degree to which a collection of numbers diverges or spreads from their average, signaling the extent of the distribution from the central value.

Portfolio

A collection of financial investments like stocks, bonds, commodities, and cash equivalents, as well as their mutual, exchange-traded, and closed-fund counterparts.

Proportion

A relationship between parts of a whole, expressed as a ratio or fraction, indicating how one part relates to another or to the whole.