Examlex
Which of the following statements is correct?
Availability Bias
The cognitive bias that causes people to overestimate the likelihood of events based on their recallability or prominence in memory.
Confirmation Error
A cognitive bias that involves favoring information that confirms previously existing beliefs or biases.
Framing Error
A mistake in decision-making caused by misrepresenting or misinterpreting the context or information surrounding the decision.
Escalating Commitment
The phenomenon of individuals or organizations continuing to invest in a decision, project, or course of action despite evidence of its failure.
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