Examlex
Which of the following is a correct association between decision types and characteristics?
Belief Perseverance
The tendency to maintain a belief even after the evidence supporting it has been discredited or refuted.
Overconfidence
The phenomenon where an individual's belief in their own abilities exceeds the accuracy of those abilities.
Framing Effect
A cognitive bias where people react differently based on the way information is presented to them, demonstrating how context and framing can influence decision making.
Representativeness Heuristic
A mental shortcut used to make judgments about the probability of an event under uncertainty, based on how similar it is to our typical idea of the event.
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