Jennifer's New Dorm Roommate Has the Same First Name as Someone

question 234

Multiple Choice

Jennifer's new dorm roommate has the same first name as someone Jennifer dislikes.Without realizing it,Jennifer's immediate gut-level reaction to the name has led her to form a negative first impression of her roommate.This best illustrates the dangers of

• A) hindsight bias.
• B) overconfidence.
• C) intuition.
• D) random assignment.

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Definitions:

Months

Units of time, each approximately 30-31 days long, used to measure durations and periods in the calendar year.

Deposit

A quantity of funds saved or stored in a banking account, often for the purpose of accruing interest.

Interest

The cost of borrowing money or the payment received for depositing money, usually expressed as a percentage of the principal over a period of one year.

Simple Interest Rate

The percentage of interest calculated only on the principal amount, not including any interest from previous periods.