Answer:
Optimism bias.
Explanation:
The concept of optimism bias was developed by Weinstein in 1980 while researching on college students. It is also known as 'mistaken beliefs'.
Optimism bias can be defined as a cognitive bias, according to which a person tends to believe that the chance of experiencing negative events is less or low and chances of experiencing positive events are high for them in comparison to their peers.
There are pros and cons to such types of beliefs as people are less likely to assess any risk which will lead them to poor decision making. Though, optimism bias can also help to build self-esteem.
<u>In the given case, when people compare themselves with their peers and believe that the probability of negative experience in their life is less and positive experience is high is </u><u>due to optimism bias</u>.
The correct answer is letter B
Explanation: If the producer expects the price of the product to increase in the future, he tends to offer less today to make a greater profit in the future. The supply curve is positively sloped, because when the price of the good increases, the quantity offered also increases.
1.b 2.c 3.b have a good day :)
Answer:
availability heuristic
Explanation:
Availability heuristic: The term availability heuristic is defined as an individual's mental shortcut that depends on the sudden examples came to his or her mind while evaluating a particular concept, decision, topic, or method.
In other words, the availability heuristic refers to the process of an individual making a decision based on their mental shortcut that helps him or her to bring something into conscious mind easily.
In the question above, the lottery promoters are most clearly exploiting the influence of availability heuristic.
The study of psychology should include behavior and mental processes.
<h3><u>
Explanation:</u></h3>
Psychology is the study of human behavior and mind. It helps in understanding how the mind works. When a person is studying psychology, he or she is applying the knowledge gained by studying human behavior and mind into day to day lives or other special scenarios. Psychology helps in defining the right and wrong human behavior in a set environment and attempt to correct the wrong behavior.
Behavior processes are the reactions that an individual gives after being exposed to a stimulus. For example, a child behaving in a gleeful manner as a response to a new toy. The behavior is gleeful gestures such as clapping, laughing or smiling which were brought out by the stimulus, new toy. Behavioral processes can be observed easily. Mental process is what happens inside the brain and something we cannot see. They are the ideas, opinions and thoughts that we have for a particular stimulus. Taking above example in consideration, the child displayed happiness because in his mind, the new toy is something to be happy about. That's his opinion towards something new.
