Examlex
On average, during the past 75 years, the return on large-company stocks has exceeded the return on long-term corporate bonds.
Representativeness Heuristic
A mental shortcut used to judge the probability of an event by how much it resembles a typical case.
Simulation Heuristic
The simulation heuristic is a psychological theory that explains how people determine the likelihood of an event based on how easy it is to visualize the event happening.
Exam Question
A query or problem posed during an examination to evaluate a student's knowledge or skills.
Simulation Heuristic
A cognitive heuristic where people determine the likelihood of an event based on how easily they can imagine it happening, influencing their perception of risks and outcomes.
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