Examlex
What is the point of the story about the Sufi who told his follower to keep his money because the master had no money and needed none while the follower had much and needed more?
Anchoring And Adjustment Heuristic
A cognitive bias where an individual relies too heavily on an initial piece of information (anchor) to make subsequent judgments or decisions.
Readily Available
Something that is easily accessible or obtainable without much effort or delay.
Decision-making Process
The mental procedure of choosing an option from several possibilities.
Evaluating Results
The process of analyzing outcomes and performance against set goals or benchmarks to determine their success or areas for improvement.
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