This topic contains a solution. Click here to go to the answer

Author Question: Which heuristic is often based on only a small proportion of the available information and results ... (Read 73 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
Which heuristic is often based on only a small proportion of the available information and results in a quick decision?
 
  a. conjunction
 b. fast-and-frugal
 c. representativeness
  d. hot hand

Question 2

Carl recently bought a used carand it's a lemon. He has spent thousands of dollars on repairing the car, and this week, the mechanic told him it needs a new radiator. Carl thinks about how much money he has put into the car and thinks that, because he has invested so much money in repairs, he'd be better off just making the repair as opposed to spending money to buy a new car. Carl is a victim of ____.
 
  a. overconfidence
 b. the sunk-cost fallacy
  c. opportunity costs
 d. hindsight bias



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

srodz

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

b

Answer to Question 2

b




bclement10

  • Member
  • Posts: 560
Reply 2 on: Jun 20, 2018
Excellent


Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

For a complete list of videos, visit our video library