Answer: D. hindsight bias
Explanation: hindsight bias is described as a psychological even in which people tend to overestimate their own ability to have predicted an outcome, an outcome that they would not have been able to predict before the event took place as a result, it can lead individuals to believe that an event was more predictable than it actually was, leading to oversimplification in cause and effect. It demonstrates demonstrates how recently acquired information influences the ability to recollect past information. This cause faulty memory.
Answer:
the tone of paper , the length of paper ,and the example used in the paper
Explanation:
just answered the question
The correct answer is the following: "substitution effect and income effect".
The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). <u>Therefore, when the price charged increases, the amount that consumers are willing to offer decreases.</u>
The variation of the quantity, due to the price variation, takes place because of the joint incidence of two effects: the effect of the variation of the relative price if compared to other goods (<u>substitution effect</u>) and the effect on the consumer's income as, if the price of a desired or purchased product has increased, the consumer's available income will decrease (<u>income effect).</u>
Liza's gambling is being reinforced based on a
"variable-ratio schedule".
A variable-ratio schedule refers to a schedule of reinforcement where a reaction is strengthened after an unusual number of reactions. This timetable makes an unfaltering, high rate of reacting. Betting, gambling and lottery amusements are great cases of a reward in light of a variable ratio schedule.
