Which Statement About Heuristics Is Correct

question 244

Multiple Choice

Which statement about heuristics is correct?

• A) The availability heuristic occurs when people use information from memory as a basis for assessing a current situation or event.
• B) The representativeness heuristic occurs when people assess the likelihood of something occurring based on its similarity to a stereotyped set of occurrences.
• C) The anchoring and adjustment heuristic involves making decisions based on alterations to a previously existing value or starting point.
• D) all of the above
• E) none of the above

Understand the critical role culture plays in shaping personality and therapy approaches.

Identify the demographic changes in the U.S. and their implications for therapy.

Recognize the importance of avoiding cultural imposition in therapy sessions.

Understand the psychological and health consequences of acculturation and discrimination.

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Definitions:

Fixed Dividends

Regular, predetermined dividend payments made by a corporation to its preferred stockholders.

Underwriting

The process by which an individual or institution takes on financial risk for a fee, such as in the issuance of insurance policies or financial securities.

Insurance Companies

Financial institutions that provide coverage, compensating financial losses during accidents, property damage, or other liabilities.

Discount Rate

The interest rate charged by central banks on loans to commercial banks or financial institutions, influencing monetary policy and economic activity.