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 purpose of the "Little Albert" <span>psychology experiment</span><span> was to show empirical evidence of classical conditioning in humans.</span><span>
The famous ''Little Albert'' study conducted by John Watson and Rosalie Rayner demonstrated that: </span>that it was possible to condition an emotional reaction to a previously neutral stimulus.
I’m not sure of 1 and 2 but i know 3 is “yes because and object can be elevated above the ground and be moving at the same time”
A the first one cause increasing taxes would mean spending more
