Examlex
Discuss the four advantages of using CFA models outlined in the chapter.
Framing Effect
The cognitive bias where people's decisions are influenced by the way information is presented, rather than just the information itself.
Representativeness Heuristic
A cognitive shortcut that involves making judgments based on how well something matches or represents a particular prototype.
Overconfidence
The tendency to be more confident in one's own abilities or outcomes than is objectively justified.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.
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