The Tendency to Judge the Frequency or Likelihood of an Event

question 6

Short Answer

The tendency to judge the frequency or likelihood of an event by the ease with which relevant instances come to mind is called the ________________ heuristic.

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Definitions:

International Finance Corporation

A member of the World Bank Group, the IFC focuses on the private sector in developing countries, providing investment, advice, and asset management services to encourage economic development.

Private Enterprises

Businesses owned by individuals or groups, not by the state, operating for profit in a free market.

Loans

Borrowed sums of money that are expected to be paid back with interest.