<u>Answer</u>:
Representatives bias
<u>Explanation</u>:
Representatives bias is the bias that confuses people in taking decisions when two things are similar and people almost confused about the outcomes of the result. People do mistakes to make understand two similar things are the same but in actual they are not the same as they appear. It is a common information processing error that generally occurs in behavioral finance theories.
<u>The determinants of this heuristics areas:
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Assertions are strong statements which provide strong fact. Rhetoric theory is one which checks the available persuasions for the statement and the validates the claiming statement.
As given that non formal institutions have no role to play at processing stage of system theory, this statement has no valid supporting evidence.
The validity of this statement is questioned and therefore readers will have no evidence to accept this statement. The readers will think differently and assertion made is not accepted by the readers.
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