Answer:
Social thinkers who misapplied Darwin's idea believed industrial corporations to be much more superior and hence should not have restricted its actions using laws that provided assistance to the poor people or those that regulate working conditions. These set of people believed that poor people actually made themselves so because they lack the character to be rich, stating that the poor always depended on the government to provide for them rather than practicing personal economics. This resulted to the government spending time to know the difference in poor people who deserves help and those who don't, rather than helping the poor in general.
Explanation:
Social thinkers who misapplied Darwin's idea believed industrial corporations to be much more superior and hence should not have restricted its actions using laws that provided assistance to the poor people or those that regulate working conditions. These set of people believed that poor people actually made themselves so because they lack the character to be rich, stating that the poor always depended on the government to provide for them rather than practicing personal economics. This resulted to the government spending time to know the difference in poor people who deserves help and those who don't, rather than helping the poor in general.
Answer:
People tend to make systematic and predictable mistakes in their thinking. These mistakes are called biases.
Explanation:
Humans are not perfect decision makers. Everyday humans make numerous decisions and try their best to be rational. But many times, our cognitive limitations prevent us from doing so. In systematic and predictable ways, we do drift away from perfection. Even if we take each step properly to make a decision by first defining the problem, then thinking of alternatives for the solution and then take a decision, one is bound to get affected by cognitive thinking. Such mistakes that humans make are called biases. They affect the judgement of even a very talented human being.
The stereotype of intelligence in Orientals, such as Chinese, is due to cultural aspects, such as the tradition that reveres education.
<h3 /><h3>What are cultural stereotypes?</h3>
They are ways of defining groups or individuals based on the culture to which they belong. They can be developed according to established habits and customs, but they can be negative and generate discrimination, when there is a generalization of a people according to some characteristics.
Therefore, cultural stereotyping is a representation of a people according to aspects and behaviors, such as the religion and values of a group.
Find out more about cultural stereotypes here:
brainly.com/question/9397449
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Answer:
RISK PREMIUM
Explanation:
The EMV that a person is willing to give up in order to avoid the risk associated with a gamble is referred to as the <em>Risk premium </em>
A risk premium is the return in excess of the risk-free rate of return an investment is expected to yield It is paid as a compensation to investors who are willing to take on a risk filled kind of investment .
and it can be calculated using this formula :: Risk Premium = Estimated Return on Investment - Risk-free Rate.
