Benefits of Reference Class Forecasting Include

question 69

Multiple Choice

Benefits of Reference Class Forecasting include

• A)Acting as a reality check.
• B)Helps to avoid unsound optimism.
• C)Provides a basis for contingency funds.
• D)All of these choices.

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Definitions:

Memory Sin

The concept that memory is fallible, including errors like forgetting, distortion, or fabrication, as categorized by psychologist Daniel Schacter.

Bias

A tendency to lean in a certain direction, either in favor of or against something, often in a manner considered to be unfair or prejudiced.

Misinformation Effect

The effect in which an individual's accuracy in recalling episodic memories diminishes as a result of information received after the event.

Retroactive Interference

A situation in which recently acquired knowledge hinders the ability to remember information that was learned earlier.