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.
See full question below
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
Intense mood swings known as major depression and mania.
Nigeria should be in the right season
Answer:
d. Insurance contracts are personal contracts.
Explanation:
Since in the question it is given that the Jacob sold his house to Shelia for $140,000 and at the time of insurance he did not tell about the new owner
So after four months, the sheila purchased the house, and due to windstorm, the roof got damaged
Since at the time of insurance he did not told about the new owner due to which the insurer refused to deny the payment to Sheila and that could be considered as a legal.
So, this situation is considered to be a personal contract
