If you ignore base-rate information,what type of error will you probably make?
A)Doing something by yourself instead of accepting others' help
B)Misidentifying some common event as some rare event
C)Buying something on impulse and then regretting your decision later
D)Continuing to invest your time and money in a project that is failing

Question

If you ignore base-rate information,what type of error will you probably make?​
A)Doing something by yourself instead of accepting others' help​
B)​Misidentifying some common event as some rare event
C)​Buying something on impulse and then regretting your decision later
D)​Continuing to invest your time and money in a project that is failing

Quizplus · Accepted Answer

Ignoring base-rate information means not considering how often a certain event occurs in the general population or in a specific context. This can lead to misidentifying a common event as a rare one or vice versa, which can result in wrong decisions.

If You Ignore Base-Rate Information,what Type of Error Will You