The Tendency for People to Base Their Judgments on Information

question 125

Multiple Choice

The tendency for people to base their judgments on information that is readily available to them rather than complete data is known as

• A)framing.
• B)bounded rationality.
• C)intuition.
• D)availability bias.
• E)regression.

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Definitions:

Monetary Compensation

Financial payment made to compensate for loss, injury, or suffering.

Right to Vote

The entitlement of individuals to participate in the election of government officials and in making decisions in referendums.

Shareholder Approval

A form of consent required from shareholders before a company can undertake certain corporate actions.

Proxies

Authorized representatives allowed to vote on behalf of another person, especially in the context of corporate shareholder meetings.