people who have experienced a low-probability/high-consequences event tend to overestimate its likelihood. what type of bias does this describe?

The owner of a one-acre parcel of land with a small house on it rented the property to a professor of a nearby college at a monthly rental of $500. several years later, after the professor got tenure, the parties orally agreed that the professor would purchase the property from the owner for the sum of $60,000, payable at the rate of $500 a month for 10 years. they agreed that the owner would give the professor a deed to the property after five years had passed and $30,000 had been paid toward the purchase price, and that the professor would execute a note secured by a mortgage for the balance. the professor continued in possession of the property and made all monthly payments in a timely fashion. when he had paid $30,000, he tendered a proper note and mortgage to the property owner and demanded that she deliver the deed as agreed. the owner refused because valuable minerals had been discovered on adjacent parcels in recent months, causing the value of this parcel of land to increase to 10 times its former value. the professor brought suit against the property owner for specific performance. if the court rules in favor of the property owner, what is the likely reason?

Melissa’s mother, rita baker, shows up shortly after the hospital receives melissa’s letter requesting release of her information to her attorney again. rita states that the attorney needs the copies as soon as possible due to a court deadline, refers to it as “an emergency” and asks to be given the copies of melissa’s medical record to take to the attorney’s office. what action should the record clerk take and why?

In what ways did the compromise of 1850 and the kansas-nebraska act of 1854 differ from the missouri compromise? both compromises used the established 36°30′ parallel to determine if territories would become free or slave states. both compromises used the mason-dixon line to determine if the territories would become free or slave states. both compromises let territories use popular sovereignty to determine if they would become free or slave states. both compromises only granted congress the power to determine if territories would become free or slave states.