Examlex
Traditional authority is the ability to exercise power because of long held customs and practices/norms.
Cognitive Psychology
A branch of psychology that studies mental processes including how people think, perceive, remember, and learn.
Heuristics
Simple, efficient rules, either hard-coded by evolutionary processes or learned, that help in making decisions, forming judgments, or solving problems quickly and with minimal effort.
Financial Risks
Financial risks involve the potential loss of monetary investment or the possibility of not achieving the expected financial returns, affecting individuals or businesses.
Availability Heuristic
An intellectual quick route that depends on the readily recalled instances when contemplating a certain matter, notion, technique, or judgement.
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