Examlex
In what ways did the three estates of the Estates General agree and disagree on issues in 1789?
Hindsight Bias
The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I knew it all along" phenomenon.
Representativeness Heuristic
A cognitive shortcut where the likelihood of an object belonging to a category is judged based on how typical the object appears to be of that category.
Phases of Decision Making
Describes the sequence of steps from identifying a problem or opportunity, through to the final choice and its implementation.
Gambler's Fallacy
The incorrect belief that future probabilities are altered by past events, often found in contexts of betting and decision-making.
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