Examlex
What is dynamic pricing and how is it used in e-commerce?
Heuristics
Mental shortcuts or rules of thumb that the brain uses to simplify decision making, which can be efficient but may lead to cognitive biases.
Representativeness
A heuristic in which individuals categorize a situation based on the extent to which it resembles, or is representative of, a stereotypical case.
Availability
The ease with which a particular idea or concept can be brought to mind by an individual.
Belief Perseverance
The tendency to maintain one's beliefs even in the face of evidence that contradicts them.
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