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The presidential proclamation in 1823 that there would be no attempt to colonize North and South America by European powers and that such action would be cause for military action was called ___________________.
Confirmation Bias
The inclination to seek out, understand, prefer, and remember details in a manner that validates one's existing opinions or theories.
Sunk Cost Effect
The phenomenon where a person continues an endeavor because of previously invested resources (time, money, or effort), despite potential losses.
Availability Heuristic
The availability heuristic is a mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
Confirmation Bias
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.
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