Which of the following describes the representativeness heuristic?
◦ The tendency judge how common an event is based on how easy it is to think of examples or instances.
◦ The tendency for people's choices to be affected by how a choice is presented, such as whether it is worded in terms of potential losses or gains.
◦ The tendency to overestimate one's ability to have predicted an event once the outcome is known.
◦ The tendency to estimate the probability of an event by comparing it to our existing prototype of the event
