Author Question: It has been observed that people surveyed shortly after major air crashes estimate higher ... (Read 55 times)

imanialler · **on:** Jun 30, 2018

It has been observed that people surveyed shortly after major air crashes estimate higher probabilities that a given flight will crash than people surveyed during intervals without any. The error in reasoning observed in this experiment results from:
a. availability heuristics.
b. representative heuristics.
c. population heuristics.
d. selection bias.

Question 2

If a consumer is buying only two goods, A and B, then he or she will be in equilibrium only when MUa = MUb.
a. True
b. False
Indicate whether the statement is true or false