Examlex
During the early 1900s in Canada, which of the following were occurring?
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.
Self-Serving Bias
A common cognitive bias where individuals attribute their successes to personal factors while attributing their failures to external factors.
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