Multiple Choice
You decide that a bearded professor wearing a rumpled sports coat is a member of the art faculty,rather than the business school faculty (which actually has more members) because he looks like an artist.What judgment error have you committed?
A) You relied too heavily on the anchoring and adjustment heuristic.
B) You should not have trusted your hindsight so completely.
C) You should have been more aware of the law of large numbers.
D) You did not pay enough attention to the base rate.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: Julio has been told, "If your name
Q63: Here is a reasoning problem: If Mary
Q96: Heuristics in decision making<br>A)may become a liability
Q97: A coin has been tossed six times,and
Q98: Which of the following students provides the
Q99: According to the research on the confirmation
Q100: Which of the following students provides the
Q101: When we make judgments based on the
Q102: Researchers such as Gerd Gigerenzer argue that
Q105: Because of a recently passed law,in Oregon,everyone