Response Paper Case Study Analysis
The article is a clear description of the main heuristics used by people to assess the frequency and probability. The concept of the article was primarily based on overflowing insights and ideas regarding the thought process of humans. (Daniel Kahneman, 2013)The issues raised in the reading is associated with the biasness in assessing probability and frequency. Predictable errors of judgmentare made by humans when they are forced to make challenging decision or consider ambiguous evidence.
(Camille Morvan, 2017)Considering different insensitivity of representatives, one of the most idea explained was that misconception of regression. Because people often find difficulty in determining whether regression is required or not, for the evaluation of the probability.
Based on the effectiveness of factors, availability is not merely influenced by frequency and probability but also by other factors like salience in comparison to that of representatives. However the population parameter in terms of sampling, statistics similarity is not dependent on the sample size but the judgment of the class size based on the availability of its instances lead towards the appearance of better and faster frequencies.................................
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