Examlex
Because the many weather variables are constantly changing, meteorologists have devised atmospheric models that describe the present state of the atmosphere. These are not physical models that paint a picture of a developing storm; they are, rather, mathematical models consisting of many equations that describe how atmospheric temperature, pressure, winds, and moisture will change with time.
Framing Error
A mistake that occurs when information is presented or perceived in a way that biases or distorts decision making.
Sunk Cost Bias
The decision to continue an investment based on past investments of time, effort, and/or money.
Projection Bias
The tendency to mistakenly assume that others share one's current thoughts, feelings, or attitudes.
Randomness Error
An error that occurs when there is no discernible pattern or cause in the mistake or variability.
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