The principal researcher recorded all the comments as written by the delegates.
Answer: The availability heuristic
Explanation: It is a phenomenon that can occur or be exploited as it is in this case, and is related to decision making. When making decisions, certain thoughts or images may emerge that will encourage a certain decision. As we make an important decision, many similar events or situations can spill over to the surface of our consciousness, and at that moment, encourage us to make exactly the decision we have made. That is why the availability heuristic is in fact a mental shortcut that facilitates decision making, because when making a decision, images and associations appear to us that are most similar to our situation at the time of making the decision.
It can, of course, be used, as in this case, when we want to encourage someone to make the decision that suits us, so at moment of his / her decision we remind them of the very pictures and situations that will, for example, help and encourage someone to buy expensive a homeowners insurance policy if s/he sees hurricane pictures and the like.
Answer:
The correct answer is, Farmers made sure that the highest bids that the bank received when auctioning their homes were pennies.
Explanation:
When people mortgage their properties or precious materials to banks, in order to get loans, and are unable to pay the loans, then banks sell their properties or precious materials to get their money back. They usually sell the mortgage at a good price to have their loans recovered. So farmers made sure that the people who came for auctioning of the houses offer pennies, so that banks won't sell the homes at so low price. In this way, farmers could help their neighbors keep their homes.
The standard is still important (arguably even more important compared to past situation) because due to the development of social media, the flow of information became extremely easy to consume.
Even though this might good for average people, we cannot deny the fact that this could also make it easier for someone who want to intentionally spread misinformation.
