Which one of the following is NOT a rule for estimating the likelihood of outcomes of any decision?

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CollectorBabu · Accepted Answer

Correct Answer: Assessing utility. * Assessing utility is not a rule for estimating the likelihood of outcomes of any decision. * Outcomes of any decision are mainly depend on the Representativeness, Availability and Adjustment called three heuristics . * Assessing utility is used for the knowing of the utility of the decision and not for outcomes of decision. * Availability is the ease with which a particular idea can be brought to mind.

Which one of the following is NOT a rule for estimating the likelihood of outcomes of any decision?

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