Judgment regarding risky events is subject to errors because people tend to overestimate the probability of infrequent events, often because they've heard of or seen a recent example.
Standard detail
3.
Benchmark
Depth 1Parent ID: 944E70AF441B4A6CA5BB705835A1ADCFStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 3.
- List ID
- 3.
- Standard ID
- D0C1E0AD843C495F96795E440BD12BD9
- ASN identifier
- S2604633
- Subject
- Financial Literacy
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 944E70AF441B4A6CA5BB705835A1ADCF
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US