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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The answer is <span>flashbulb; as accurate as, respectively.
A flashbulb memory it is a person's memory of something so surprising or very unexpected, it allows a very detailed memory of the event but not the actual event. I can be related to a process of taking a photo using an old camera. </span>
Answer:
C.
because it makes trade between the two nations easier
Explanation:
Answer:
Belief perseverance
Explanation:
Belief perseverance is the tendency to maintain the beliefs of one's face of the evidence that will contract them. This type of belief can be seen with all types of tendencies such as stereotypes, prejudice, about the self or others, and about the world in which it works. It is the belief that clings with one's belief. It can be of three types such as:
- Self-impression
- Social impressions
- social theories
When there is a big economic issue in a country people are affected in the worst way, as the stressed caused by not having money, losing a job, not being able to fulfilling the basic needs, etc. will create a major stress in its population.
If the population of a country is living under these circumstances they dont have a clear reasoning and just want an out. Because of this, they will fall under any "leader" that sells what they are looking for: economic stability.
A "leader" is not necessarily the correct leader or a good leader, in fact, a leader is the one that can make masses follow her or him because of its charisma, facility with words plus other skills, but it doesn't mean it leads the right way. so a country that lost fate, that is under stress and despair will elect a leader that can promise them that fate that they need.
