Because gun violence is portrayed frequently on television and in movies, people mistakenly assign too high of a probability that they will fall victim to gun violence, and too low of a probability to more likely but less publicized events. This

phenomenon illustrates:

A. the effect of the availability heuristic.
B. that people suffer from hindsight bias.
C. that events are poorly framed by the media.
D. the self-serving bias at work.

Answer: A

Economics

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Why did observers at first believe that the damage from the impending subprime mortgage crisis would be too small to cause a recession?

Economics

Savers and investors interact through intermediaries in financial capital markets.

Answer the following statement true (T) or false (F)

Economics