Examlex
If you want to specifically enter a number as a label, you can type a(n) ____ before the
Number.
Projection Bias
The inclination to believe other people think, feel, and act the same way we do.
Satisficing
A decision-making strategy that aims for a satisfactory or adequate solution, rather than the optimal one.
Complete Rationality
The assumption in economic theories and models that decision-makers possess complete information, unlimited cognitive abilities, and can optimize their utility.
Anchoring And Adjustment
A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") when making decisions, with subsequent adjustments made around this anchor.
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