Which of the following describes the representativeness heuristic? Group of answer choices Events or scenarios with more
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Question:
Which of the following describes the representativeness heuristic?
Group of answer choices
Events or scenarios with more detailed descriptions are perceived to be more likely than events or scenarios with very general descriptions.
The expected value for a situation does not represent an actual possible outcome.
People think that the outcome with the highest probability is representative of what is going to happen.
This happens when someone is given a reference point, such as the median price of homes in a city, and then asked to estimate the price of a particular home.
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