Examlex
Of the four dividends types, the two most common types in practice are
Availability Heuristic
An instinctive mental tactic that uses the nearest instances that surface in thought while considering a certain topic, theory, strategy, or judgment.
Base-Rate Information
Base-rate information refers to the statistical likelihood of an event or characteristic within a given population, used in decision-making processes.
Stroop Effect
A demonstration of cognitive interference where the brain's reaction time slows down when processing conflicting information, such as reading the word "green" printed in red color.
Algorithms
Procedures or formulas for solving problems, often used in mathematics and computer science to perform specific tasks or calculations.
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