When asked to guess whether Mark is from Montana or California, you guess California because more people live in California. You have used "base rate information" in making your decision.
<h3>What is Base Rate in Psychology?</h3>
Base rate is the frequency of a phenomenon that naturally occurs in a population. Using base rate information, rational decisions are made taking into account the general occurrence in a larger population in favour of the specific incidence in a particular case.
Effects of base rate information are-
- Base rate fallacy, as used in behavioural finance, is the propensity for people to incorrectly assess the likelihood of a situation by ignoring all pertinent information.
- Investors may instead place a greater emphasis on recent information without taking into account how this affects their initial hypotheses.
To know more about the characteristics of an annual percentage rate, here
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Betty's ability to adapt effectively in the face of threats to development is known as resilience. The term resilience is used to describe <span>the capacity to recover quickly from difficulties. It denotes toughness.
</span><span>The fact that Betty is successful, happy and satisfied despite the circumstances she grew in, means that she is capable of adapting well and overcome problems and threats. </span>
Trusts is the correct answer for Apex
The answer is "Referent Power".
Referent power alludes to the capacity of a guide or leader
to impact a supporter in light of the devotee's faithfulness, regard, kinship,
adoration, fondness, or a want to gain approval.
John French and Bertram Raven were two
individuals who presented five kinds of power which are:
Coercive Power.
Reward Power.
Legitimate Power.
Referent Power.
Expert Power.
First one is Greek and the second is Alexandria.
