Which of the following best describes the base rate fallacy?
A) the tendency to treat chance events as though they have a built-in, evening-out
mechanism
B) the tendency of people to continue to believe that something is true even when it is
revealed to be false or has been disproved
C) the tendency to infer an unwarranted causal relationship between two events that are
unrelated
D) the tendency of people to discount valid information and choose to concentrate on
other information
Voting in combination with other decision aids, such as agendas, may be especially
detrimental to the attainment of efficient outcomes because it ________.
A) takes longer for parties to reach agreements
B) fails to recognize the strength of individual preferences
C) does not promote integrative tradeoffs among issues
D) prevents participants from logrolling