Examlex
In 2001, what percentage of junk bond issues defaulted?
Representativeness Heuristic
Representativeness Heuristic is a cognitive shortcut that involves judging the probability of an event by its similarity to a prototype.
Recognition-Primed Decision Making
A model that describes how people make quick, effective decisions by recognizing patterns and similarities with past experiences.
Mental Simulations
The cognitive process of imagining or visualizing a scenario in one's mind to predict outcomes, plan actions, or solve problems.
Deductive Validity
A characteristic of a deductive argument where if the premises are true, the conclusion must also be true, ensuring the argument's logical soundness.
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