Examlex
Imagine that the eye functions like a digital camera and that the quality of the image is related to the number of pixels, with more pixels providing better resolution. Which of these animals has an eye with the best resolution (the most "pixels") ?
Prior Beliefs
The pre-existing beliefs or expectations an individual holds before receiving new information or evidence.
Memory Bias
A cognitive bias that affects the accuracy of recall and the influence of memories on decision making, often leading to skewed or selective recollections.
P/E Effect
That low P/E stocks have exhibited higher average risk-adjusted returns than high P/E stocks.
Forecasting Errors
Discrepancies between predicted data and actual data, indicating inaccuracies in models or expectations.
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