12-103Chapter 12 Notes That Researchers Such as Kahneman and Tversky

question 52

Multiple Choice

12-103.Chapter 12 notes that researchers such as Kahneman and Tversky are pessimistic about our decision-making skills,whereas researchers such as Gigerenzer are more optimistic.The optimists emphasize that

• A)the pessimists focused too much on real-life examples; in the laboratory,people are actually quite accurate.
• B)the major decision-making heuristics are actually highly accurate,and they almost always lead us to correct decisions,contrary to the theories advanced by the pessimists.
• C)the pessimists underestimate our decision-making accuracy because of factors such as choosing questions that contradict people's schemas.
• D)the pessimists have typically sampled groups of people living in the community; in contrast,college students make statistically appropriate decisions.

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Definitions:

Conditional Estate

A property interest that is dependent on the occurrence or non-occurrence of a specified condition.

Easement

A right granted to a party to use the property of another for a specific purpose, like a right-of-way.

Recording

Filing a deed, with any other related documents such as mortgages, with the appropriate county office, thereby giving official notice of the transfer to all interested parties.

Legal Recourse

The right of an individual or entity to seek justice or compensation through legal procedures and court actions.