One Major Consequence of the Availability Heuristic Is That

question 42

Multiple Choice

One major consequence of the availability heuristic is that

• A)people may spend more resources to insure themselves against rare events, but leave themselves uninsured against more common events.
• B)someone could persist in pursuing a failed policy despite overwhelming evidence of the failure.
• C)bad decisions can be made because people will act without pausing to see whether their intuition is correct or not.
• D)some people may wrongly believe in their forecasting ability to predict future outcomes of risky investments.