Examlex
Air travel, the Internet, cheap fossil fuels and television all have allowed people to _______________.
Framing Effects
Cognitive biases where people's decisions are influenced by the way information is presented, rather than just the information itself.
Anchoring
Anchoring is a psychological phenomenon wherein an individual relies too heavily on an initial piece of information, or 'anchor,' to make subsequent decisions.
Heuristics
Simple, efficient rules, either hard-coded by evolutionary processes or learned, which help in making decisions, forming judgments, or solving problems.
Error-Free Decisions
Decisions made without mistakes, achieved through careful analysis, planning, and consideration of all relevant information.
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