Deciding the Likelihood of an Event Based on How Much

question 159

Multiple Choice

Deciding the likelihood of an event based on how much it resembles the "typical" example of that event is known as the _____ heuristic.

• A) representativeness
• B) availability
• C) better-than-average
• D) outlier

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Definitions:

Confidentiality

The requirement to keep certain information secret or private, often seen in professional or contractual relationships.

Less Costly

Referring to an option or solution that is cheaper or requires less financial expenditure compared to others.

Charged Criminally

The formal accusation made against an individual by a governmental authority asserting that the individual has committed a crime.

Jury Trial

A legal proceeding where a jury made up of citizens determines the outcome of a case.