According to Tracey, the living standard in Europe has improved since the establishment of the EU. She says she knows this because she has been reading about the EU in the local paper. Which heuristic bias is she likely to be using?

A) Regression
B) Representativeness
C) Anchoring
D) Availability

Question

Payton Litke · Accepted Answer

Final Answer : D, Explanation :  Tracey is likely using the availability heuristic, which is a mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision. Since she mentions reading about the EU in the local paper, her judgment is based on the information that is most readily available to her, rather than a comprehensive analysis of all relevant data.

According to Tracey, the living standard in Europe has improved since the establishment of the EU. She says she knows this because she has been reading about the EU in the local paper. Which heuristic bias is she likely to be using?

A) Regression
B) Representativeness
C) Anchoring
D) Availability

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According to Tracey, the living standard in Europe has improved since the establishment of the EU. She says she knows this because she has been reading about the EU in the local paper. Which heuristic bias is she likely to be using?A) RegressionB) RepresentativenessC) AnchoringD) Availability

Definitions

Learning Objectives

Learning Objectives

Related questions

According to Tracey, the living standard in Europe has improved since the establishment of the EU. She says she knows this because she has been reading about the EU in the local paper. Which heuristic bias is she likely to be using?

A) Regression
B) Representativeness
C) Anchoring
D) Availability