Examlex
________ are used to organize text and are identified by the bullet style, indentation, and the size of the text.
Representativeness Heuristic
A cognitive bias in decision-making where the likelihood of an event is estimated based on how much it resembles existing stereotypes or patterns.
Availability Heuristic
A cognitive bias where people overestimate the importance or frequency of information that is readily available to them.
Anchoring and Adjustment Heuristic
A mental shortcut that influences the way people intuitively assess probabilities and make decisions based on initial information.
Escalation of Commitment
The phenomenon of investing increasingly more resources into a failing course of action due to cognitive biases and sunk costs.
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