Examlex
What type of research design should a researcher use if he or she wishes to determine the effect of a change in price on the sales of a particular brand?
Framing Error
A cognitive bias where the way information is presented influences decision making or judgment.
Escalation
The process of increasing or intensifying a situation or conflict, often leading to a more serious state.
Overconfidence
A cognitive bias where someone's subjective confidence in their judgments is greater than their objective accuracy.
Short-Term Thinking
A focus on immediate results or benefits at the expense of longer-term goals or implications.
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