The Availability Heuristic Refers to Our Tendency to

question 41

Multiple Choice

The availability heuristic refers to our tendency to

• A) overestimate the accuracy of our judgments.
• B) estimate the likelihood of an event based on how easily we remember instances of its occurrence.
• C) search for information that is consistent with our preconceptions.
• D) cling to our initial conceptions,even though they have been discredited.

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Definitions:

Expected Gains

Anticipated benefits or profits that are expected from an investment, project, or decision.

Total Wage Bill

The total amount of money paid by an employer to its employees as wages.

Domestic Output

The total value of all goods and services produced within the borders of a nation over a specific period of time.

Pre-migration

The period or processes occurring before the migration of individuals or groups from one place to another.