regulatoryBody NABARD Grade A Prelims Mock Test 2024 Management Concepts of Management Decision Making
Which of the following describes the "Availability Heuristic" in decision-making?
1
The tendency to favor the most recent information available
2
The tendency to base decisions on the most easily recalled information
3
The tendency to avoid risks when a positive frame is presented
4
The tendency to weigh past investments more heavily in decision-making
5
The tendency to believe in the accuracy of a first impression