Examlex
The candidate access rule requires broadcasters to give
Coin Flip
A method of making a binary decision or selecting randomly between two options using the outcome of a tossed coin.
Base Rate Fallacy
A cognitive error where individuals ignore general statistical information (base rates) in favor of specific anecdotal information.
Representativeness Heuristic
A mental shortcut used to make decisions or judgments by comparing information to our mental prototypes and stereotypes.
Anchoring and Adjustment Heuristic
A cognitive bias where an individual relies too heavily on an initial piece of information (anchor) when making decisions, with insufficient adjustments made thereafter.
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