Heuristics are often described as mental shortcuts. The failing to consider the law of large numbers most likely results in errors concerning the representativeness heuristic.
- Representativeness heuristic is simply known to be the act of approximating the probability of an event by contrasting it to an existing prototype that may have been existing in our minds.
This prototype is known as the things we think that is more important. It can be said to be a mental shortcut that people use when estimating the likelihood of a thing occurring.
The representativeness heuristic often take into consideration the law large numbers that shows the outcome of carrying out the same experiment a large number of times.
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Failing to consider the law of large numbers most likely results in errors concerning
a. confirmation bias
b. the falsification principle
c. the representativeness heuristic
d. utility
Learn more about the Representativeness heuristic from
brainly.com/question/8782999
Explanation:
If richer regions can attract more investment than poorer regions because of their larger ex ante tax bases, then fiscal federalism adversely affects the growth prospects of poorer regions by reducing the resources available for either central or regional governments to fund valuable projects in poorer regions.Often geographical constraints, market imperfections, government policies, a lack of law & order, identity, per capita income and various socio-economic reasons can contribute to regional disparity such that some regions are more backward than other areas falling within the same nation
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Answer:
The Cape of Good Hope
Explanation:
South of cape Town, south Africa
