Studies on the Belief-Bias Effect Conclude That

question 86

Multiple Choice

Studies on the belief-bias effect conclude that

• A)in general,people select answers that are correct from a logical standpoint.
• B)the anchoring and adjustment heuristic often operates inappropriately.
• C)people typically have the biased belief that they ought to affirm the consequent.
• D)people often select answers that are "common sense" rather than logically correct.

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Rate Of Return

A metric used to evaluate the efficiency of an investment, calculated by dividing the profit or loss of the investment by its initial cost.