The personal fable is the adolescent's belief that he or she is highly special and unlike anyone else who has ever walked the earth. Colloquially, these individuals are known as "special snowflakes." In other words, the adolescent thinks that since others are so obviously fascinated by him (adolescent egocentrism), he must be a unique individual.
Unfortunately, the belief can have serious consequences.
In particular, the personal fable can cause a tween or teen to believe that nothing bad could possibly happen to someone as exceptional as herself. In other words, since she's so special, she must be invulnerable.
Some research has shown that belief in the personal fable and one's invulnerability is directly connected to common adolescent risk-taking behaviors, such as promiscuous or unprotected sex, use of alcohol or illicit drugs, as well as physically dangerous acts, such as driving without a license or driving recklessly or while intoxicated.
Belief in the personal fable should not be confused with having high self-esteem. Tweens or teens with low self-esteem usually still hold a version of the personal fable.
Character uncle Ben… that’s the spider man phrase
Answer:
Availability bias
Explanation:
When individual judgement of things which occurs often or on a frequent basis accelerates or widens our thought or belief such that we feel that those things occurs so often than it actually is in reality could be called availability bias. Based on the scenario above, Diane exhibits availability bais based on his judgment that shark related accidents are the most common forns of accident due to the fact that she's been seeing news of shark accidents for a certain period of time.
Answer:
I, II, and III.
Explanation:
Market efficiency demonstrates that prices mirror the entire information regarding a specific market or stock which is accessible at a given point of time. There are certain important characteristics of an efficient market which include a number of participants, uniformity in products, etc. As per the options, all the three options could be characterized as the important characteristics of market efficiency which are as follows:
I). 'There are no arbitrage opportunities' as there is complete awareness among the consumers regarding the availability of products and its prices.
II). 'Security prices react quickly to new information' as there is a consensus value of a product set by all the customers and sellers after assessing its value.
III). 'Active trading strategies will consistently outperform passive strategies' as there is perfect competition and therefore, there is a liberty to enter and exit the market at any point in time.
Answer:
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