Explain the concept of rarity assumption as it relates to the discounting of a certain type of information, and provide an example from your everyday life.
Answer the following questions and prompts in a 3-4 page narrative that demonstrates a personal understanding of the material. Provide detailed examples from your own experiences that illustrate the concepts; if possible, discuss how this information might be relevant to your future career; whenever possible, define concepts with your own words. answer EACH of the […]