Examlex
Which geologic principle states did James Hutton conceptualize when he studied sandstones in Scotland and realized that it took an enormous amount of time to weather sand grains out of rock and redeposit them as new rock material? ______________________________
Frame Dependence
The tendency of individuals to make different (and potentially inconsistent) decisions depending on how a question or problem is framed.
Aversion To Ambiguity
A preference to avoid uncertain or ambiguous situations, often reflected in decision-making processes.
Clustering Illusion
The cognitive bias of seeing patterns in random events.
Efficient Market
A market in which asset prices fully reflect all available information, leading to prices that accurately represent the asset's true value.
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