Examlex
What operation is typically described as having a bar, restaurant, and less than 16 electronic gambling devices?
Hindsight Bias
The tendency to overestimate one’s ability to have predicted an event after the outcome is known; the “I knew it all along” phenomenon.
Heuristic
A rule of thumb that suggests a course of action or guides problem solving but does not guarantee an optimal solution.
Cognitive Schema
A mental framework that helps organize and interpret information, based on past experiences and knowledge.
Cognitive Heuristic
Simple, efficient rules which people often use to form judgments and make decisions; they are mental shortcuts that reduce the cognitive load of making a decision.
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