Examlex
________ occurs when the court orders the defaulting party to live up to the terms of the contract.
Anchoring and Adjustment
A cognitive bias where individuals rely too heavily on an initial piece of information (the "anchor") when making decisions, with adjustments made too conservatively.
Representativeness
A cognitive heuristic where an individual judges the probability or frequency of an event by how much the event resembles the typical case.
Availability
The state of being able to be used or obtained; accessibility.
External Locus
A belief that outcomes of events are determined by external forces or fate, rather than one's own actions.
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