Refer to the Information Provided in Figure 8

question 9

Multiple Choice

Refer to the information provided in Figure 8.6 below to answer the questions that follow. Figure 8.6
-Refer to Figure 8.6. The MPS for this saving function is

• A) 0.4.
• B) 0.25.
• C) 0.2.
• D) 0.1.

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Definitions:

Fundamental Attribution Error

The tendency to overestimate personality or dispositional factors while underestimating situational factors when explaining others' behaviors.

Attributional Process

The cognitive process by which individuals infer the causes of their own and others' behavior.

Cognition Versus Affect

The distinction or interaction between cognitive processes (thought, knowledge) and affective responses (emotions, feelings).

Dunning-Kruger Effect

A cognitive bias where individuals with low ability at a task overestimate their ability.