Which of the Following Heuristics Are Judgments Made on the Basis

question 21

Multiple Choice

Which of the following heuristics are judgments made on the basis of only one or two characteristics instead of embarking on a detailed analysis?

• A) Anchoring.
• B) Framing.
• C) Representativeness.
• D) Salience.
• E) None of the above.

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Definitions:

Investment

The process of distributing funds or resources with the aim of earning income or profit.

Portfolio

A collection of investments held by an individual or institution, including stocks, bonds, real estate, and more, often diversified to reduce risk.

Stocks

Financial instruments representing ownership interests in corporations, providing holders with a claim on part of the corporation's assets and earnings.

Mean

The arithmetic average of a set of numbers, calculated by adding them all up and dividing by the count of the numbers.