Examlex
A field referring to a broad range of phenomena concerning "nonmaterial" matters related to faith, trust and hope, in contrast to "material" matters related to ownership, accumulation of possessions and competition is called:
Confirmation Error
A cognitive bias that involves focusing on information that confirms one's preconceptions and ignoring information that contradicts them.
Framing Error
A mistake made when individuals misinterpret the context or perspective of a decision or problem, often influenced by the way information is presented.
Strategic Opportunism
A business strategy focusing on recognizing and capitalizing on opportunities with flexibility while maintaining a core strategic direction.
Lack-of-participation Error
A mistake or bias that occurs due to the absence or minimal involvement of certain groups or individuals.
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