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What Are the Two Categories of Cognitive Biases Identified by Behavioral

question 38

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What are the two categories of cognitive biases identified by behavioral economists?


Definitions:

Two Stimuli

Refers to the presence or introduction of two separate sensory or environmental inputs that can be perceived or responded to by an organism.

Laws of Learning

comprise the theoretical principles that govern how learning occurs, including the roles of reinforcement, practice, and the effects of the environment.

Pavlov and Watson

Refers to Ivan Pavlov, known for classical conditioning research, and John B. Watson, the founder of behaviorism, both pivotal figures in the development of psychological science.

Animals

Multicellular, eukaryotic organisms of the kingdom Animalia that are characterized by their ability to move, reproduce sexually, and consume organic matter.

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