The result is not unusual since the probability that p is
equal to or more extreme than the sample proportion is greater than 5% (153/300
= 0.51). Thus, it is not unusual for a wrong call to be made in an election if
exit polling alone is considered.
The wealth of East African city-states was based on Trade.
The phenomenon is known specifically as the change
blindness. This is a phenomenon where in the observer has fail to notice the
differences that has been laid out to him or her when a certain visual stimulus
is triggered or the observer is exposed to.
I hope this will help you
Answer:
The idea is bounded rationality.
Explanation:
The Bounded Rationality Theory was proposed by Herbert Simon and it states that human cognition is not perfect and is flawed. One's reasoning can have fails which restricts the decision making and eventually coming to an optimal one.
The theory states that a person tends to take irrational decisions since his/her rational thinking is in fact limited by his/her cognitive skills, the available time and the complexity of such problem.
When solving a problem, one can never truly fix it in a completely optimal way since it is impossible to think of all the solutions to the problem.
