Studies of Human Decision Making Reveal Several Systematic Mistakes People

question 327

Multiple Choice

Studies of human decision making reveal several systematic mistakes people make. Which of the following is not an example of one of these mistakes?

• A)Tom tells everyone he's sure he can run a 5K in twenty-five minutes, but then tries a couple of times and takes over thirty minutes.
• B)Kate hears a news report about five people dying from a tornado in Kansas and decides to cancel her plans to visit her aunt there.
• C)Randi is a strong proponent of raising the minimum wage. She reads a research report on the effects of increasing the minimum wage and begins to doubt her previous thinking.
• D)Jenny is shopping for a new car and has found that Hondota cars consistently get high quality ratings. Her friend had trouble with her Hondota, so Jenny decides not to purchase a Hondota.

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Definitions:

Demographic Data

Information collected about populations or specific groups, including age, sex, income level, and education, which is used for statistical analyses.

Individuality

The unique characteristics and qualities that distinguish one person from another.

Self-Esteem

An individual’s subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states, such as triumph, despair, pride, and shame.

Mental Image

A representation of a sensory experience formed in the mind without the presence of external stimuli.