Examlex
Which of the following is NOT one of the categories of important financial ratios that is mentioned in the text to help assess an organization's overall financial situation?
Hindsight Bias
The tendency to believe, after learning an outcome, that one would have foreseen it.
Availability Heuristic
A cognitive bias that causes people to overestimate the likelihood of events based on their ability to recall examples more easily.
Confirmation Bias
The habit of looking for, comprehending, selecting, and reminiscing about information that validates an individual's prior convictions or theories.
Hindsight Bias
The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "knew-it-all-along" effect.
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