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 defensive phenomenon is known as the "healthy paranoia." Healthy paranoia, as defined by Counseling Psychology is "a healthy, normative, and adaptive response to racism perceived by the Black Americans." In this way, it could be advantages to other people because it helps us being motivated and survive.
Answer:
Chapter 13 bankruptcy
Explanation:
Chapter 13 bankruptcy also known as wage earners plan enables a person with stable income conveniently pay back a loan or debt without the forfeiture of any asset
I believe your answer would be Hippocrates.
