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Bob Has Inherited a Small Home in Wyoming from His

question 57

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Bob has inherited a small home in Wyoming from his deceased uncle George. Bob has no desire to live in Wyoming, but he enjoys going up to his Wyoming property to fish for two weeks every fall and spring. George's lawyer has agreed to have the home secured when Bob leaves and to have it opened when he's planning to visit. George's lawyer, without asking or informing Bob, has suggested to his freeloading brother Alan and Alan's wife, Judith, that they stay at Bob's Wyoming place and simply vacate just before Bob shows up, which they do. They live there acting like the owners for 48 weeks every year. The statutory period for adverse possession in Wyoming is 10 years. After 12 years Alan and Judith file for ownership under Wyoming's adverse possession statute.


Definitions:

Availability Heuristic

A cognitive bias that causes people to overestimate the likelihood of events based on their ability to recall examples more easily.

Confirmation Bias

The habit of looking for, comprehending, selecting, and reminiscing about information that validates an individual's prior convictions or theories.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "knew-it-all-along" effect.

Timing Bias

A form of cognitive bias where an individual's decisions or perceptions are influenced by the timing of information or events.

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