Availability Heuristic
A heuristic is a mental shortcut that we often use to make judgments and decisions. Availability heuristic is based on the principle that the first things come to our mind when evaluating certain topics, events, and methods, must be the based on the more common occurrences, or must be more important than other available alternatives which do not easily come to mind.
The problem with this type of mental shortcut, however, is that it can easily be influenced or biased towards vivid, dramatic events, or recent news and information, especially those sensationalized by the media.
For example, people might take more precaution against murder and car accidents compared to illnesses such as diabetes and stomach cancer, as the two former are more sensationalized or are often reported in the news than the latter two. However, statistics show that in America, these illness actually take twice as much lives than murder and car accidents (source: http://study.com/academy/lesson/availability-heuristic-examples-definition-quiz.html).
Answer:
B. Analyze data.
Explanation:
Data analysis: The term "data analysis" is described as a process that involves applying various logical and statistical techniques systematically to illustrate and explain, recap and condense, and hence evaluate data. However, an important component associated with ensuring a specific "data integrity" is considered as the appropriate and accurate analysis of given research findings.
In the question above, the given statement represents to analyze data.
They take notes and they read books that are primary secures
The answer is a desirable outcome. In an approach-approach, the individual is faced with the necessity of making a choice between two (or more) desirable goals. Since both goals are desirable, this is the least worrying situation. "Shall I fly or take a boat to Europe?" might be easily determined if both means of travel are seen as pleasurable. Such situations produce a state of unstable equilibrium. As soon as one goal is approached, its desirability increases and completely dominates, thereby making the choice easy. The choice becomes easier the closer one moves toward either goal. Another example is when a person pick between two attractive and practicable careers, may lead to some indecisiveness but rarely to great distress. A person chooses the most convenient goal that results to a desirable outcome.
Answer:
The answer is C. Consideration.
Explanation:
In terms of insurance, consideration refers to the fact in which the insurance company gives adequate consideration in terms of coverage for losses when premiums are being paid. If a person wants to continue receiving this benefit, he or she could buy a policy as well as pay premiums.
Insurance can be considered a business and in this way, one party can get benefits from another one when there is a trade of something that has an important value. This is called paying premiums regarding the insurance world.
