Examlex
Scott remembers all of the details of his wedding seven years ago.This information is most likely stored in _______ memory.
Endowment Effect
A cognitive bias that causes individuals to value an owned object higher than it would be valued if it were not owned.
Frame Dependence
Refers to the phenomenon where an individual's decision-making is influenced by the way information is presented, rather than just the information itself.
Law of Small Numbers
A cognitive bias that leads people to draw broad conclusions from small data sets or limited observations.
Affect Heuristic
A mental shortcut that allows people to make decisions and solve problems quickly based on their emotions and feelings.
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