GROWTH DEVELOPMENT CHILD
COGNITION AND EMOTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stockbrokers often believe that their own expertise will enable them to select stocks that will outperform the market average. This belief best illustrates:
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The representativeness heuristic
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The framing effect
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Overconfidence
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Belief perseverance
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Explanation:
Detailed explanation-1: -*Overconfidence-the tendency to be more confident than correct–to overestimate the accuracy of one’s beliefs and judgments.
Detailed explanation-2: -Heuristics: “common sense” or rule of thumb strategies which allow us to solve problems efficiently and usually quickly.
Detailed explanation-3: -Skinner argued that children learn language based on behaviorist reinforcement principles by associating words with meanings.
Detailed explanation-4: -The correct answer is d. They are obstacles to problem-solving. These both basically relate to a person who can only see things in a specific way.
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