Representativeness Heuristic Is Best Explained As

question 26

Multiple Choice

Representativeness heuristic is best explained as:

• A) the process of assuming events are random even when they are not.
• B) the creation of patterns in planned events.
• C) concluding that casual factors cause random events when in fact they do not.
• D) believing that random events that occur in clusters are truly random.
• E) overconfidence in one's own skills as an investor.

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Definitions:

Adapt

To adjust or change one's behavior or thinking to suit a new situation or environment.

Conditioned Stimulus

A neutral stimulus that, through repeated pairings with an unconditioned stimulus, comes to evoke a conditioned response.

Unconditioned Stimulus

A stimulus (e.g., meat powder) that naturally evokes a particular response (salivation).

Unconscious Evaluations

Judgments or assessments made without conscious awareness, often based on automatic cognitive processes.