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This article described three heuristics that are employed in making judgments under uncertainty: (i) representativeness, which is usually employed when people are asked to judge the probability that an object or event A belongs to class or process B; (ii) availability of instances or scenarios, which is often employed when people are asked to assess the frequency of a class or the plausibility of a particular development; and (iii) adjustment from an anchor, which is usually employed in numerical prediction when a relevant value is available. These heuristics are highly economical and usually effective, but they lead to systematic and predictable errors. A better understanding of these heuristics and of the biases to which they lead could improve judgments and decisions in situations of uncertainty.
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This 1998 edition of the Model Tax Convention: Condensed Version has been superceded by more recent editions. This publication is the third edition of the condensed version of another OECD publication entitled Model Tax Convention on Income and on.
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Disclaimer: This summary was generated by AI based on the content of the source document.
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This document includes matters of special importance and interest, follow-up and other audit observations, studies, and appendices, which include the Auditor General Act, the Financial Administration Act, with extracts from Part X, and reports from standing committees. Also includes audit scopes, observations, recommendations and conclusions from departments.
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This document presents supplementary information and notices of ways and means motions on the budget, focusing specifically on tax measures. These measures were tabled in the House of Commons on February 22, 1994.
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