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    Exam 8: Behavioral Economics
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    When People Base Their Estimates of the Likelihood of an Event
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When People Base Their Estimates of the Likelihood of an Event

Question 258

Question 258

Multiple Choice

When people base their estimates of the likelihood of an event on how often they've heard of such an event, they illustrate the


A) confirmation bias.
B) framing effect.
C) hindsight bias.
D) availability heuristic.

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