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Rationality and Its Limit 1. a) Three heuristics described by Tversky and Kahneman are as follows:Representativeness: Representativeness is the tendency to place something in a class if it seems to represent the class. More explicitly, when people rely on representativeness heuristics, probability of a certain event A is evaluated by the degree to which A is representative of.
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Examples Of The EventRepresentativeness HeuristicsThird LetterWorth Mentioning