Complete the Following Table

question 33

Essay

Complete the following table. Give a definition and example of each of the cognitive biases listed (be original).
$$\begin{array} { | l | l | } \hline \text { Cognitive Bias } & \text { Definition and Example } \\\hline \text { anchoring bias } & \\\hline \text { overconfidence bias } & \\\hline \text { Confirmatory bias } & \\\hline \text { availability bias } & \\\hline \text { groupthink bias } & \\\hline\end{array}$$

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Definitions:

Land Improvements

Enhancements made to land, such as landscaping, driveways, fences, and sidewalks, that increase the property's value.

Subdivisions

In real estate, this refers to the act of dividing land into pieces that are easier to sell or otherwise develop.

Cash Discount

A reduction in the price paid for goods or services offered to customers as an incentive for early payment.

Annual Insurance

The total cost of insurance coverage for an entity or individual for a one-year period.