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← The Representativeness Heuristic
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Question
What is the representativeness heuristic?
1
The tendency to judge decisions by their most recent outcomes
2
The tendency to judge people as representative of their profession based on their financial behaviour
3
The bias toward large, well-known companies when making investment decisions
4
The tendency to assess probability based on how much something resembles our mental prototype of a category, rather than by base rates
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