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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So far I think they are correct tell me if I am wrong please.
Answer:
C) in the second condition more words are recalled
Explanation:
In the second coding, the research participants' memory is helped, when some words from the list are cited. This can cause the participants to remember a greater amount of words than the amount that was remembered in the first condition. This is because in the first condition the participants had no help to quote the memorized words, having to rely on only the own memory.
<span>A. They're known as "conscientious objectors." Muhammad Ali is very famous for his refusal to serve for religious reasons, though not all objectors do so in the name of religion. </span>
<span>A broader audience can be reached with less investment; internet advertising campaigns are typically less costly per viewer than classical political advertising mechanisms such as television and print adverts. This means that smaller, less well funded candidates can still launch effective advertising campaigns that, if well designed, can reach large numbers of voters.</span>
