Examlex
Pointing instead of telling a person how to find something is an example of which function?
Law of Small Numbers
A cognitive bias that leads people to make unjustified conclusions based on limited data.
Risks
The potential for losing something of value, or the uncertainty regarding the outcome of an action or decision.
Probability
The likelihood or chance of an event occurring, often expressed as a number between 0 and 1.
Small-Numbers Bias
A situation in markets where the fewness of buyers or sellers can significantly impact the negotiation power and market outcomes.
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