Examlex
While the previous year's earnings are often used as a base for forecasting future earnings, the recent year's earnings do not always provide an accurate forecast of the future.
Intuition
A process of understanding or knowing something immediately, based on a person's feelings rather than facts or evidence.
Anchoring
A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") when making decisions.
Satisficing
A decision-making strategy that entails choosing an option that meets a minimum standard of satisfaction or acceptability, rather than pursuing the best possible outcome.
Bias
Prejudice in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.
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