Which of the following students' statements provides the best overview of the research on decision making?
a. Samantha: People consistently make correct decisions based on the information they are given; problems arise when some crucial information is missing.
b. Nayan: People's use of heuristics in decision making is usually adaptive, unless the heuristics are applied inappropriately.
c. Arthur: People consistently make incorrect decisions, unless the material is extremely concrete.
d. Shirley: The most common kinds of decision-making errors involve belief-bias errors; otherwise, decision making is reasonably accurate.
Question 2
Suppose that Oksana is driving in a car to a friend's house. As she pulls into the friend's driveway, she sees that the odometer shows the number 2222.2 miles.
She says to herself, This number is weird...something really unusual is going to happen today when I am with my friend. This reaction would be an example of
a. the consistency bias.
b. the law of large numbers.
c. the representativeness heuristic.
d. the anchoring-and-adjustment heuristic.
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