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Distinctions Between Respondents in a Survey Can Be Identified Through

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Distinctions between respondents in a survey can be identified through


Definitions:

Loss and Risk Aversion Heuristic

A cognitive bias where people prefer to avoid losses rather than acquiring equivalent gains, indicating a greater sensitivity to losses over gains.

Error

A mistake or inaccuracy, often due to oversight or misunderstanding, which can affect outcomes or validity.

Judgment

The faculty to formulate thoughtful decisions or derive sound conclusions.

Representation Heuristic

A cognitive shortcut that involves making a decision based on how much something resembles a typical case.

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