Examlex
What is arbitral misconduct? List five instances of arbitrator misconduct that would lead to the vacating of an arbitrator's award.
Anchoring
A cognitive bias where an individual relies too heavily on an initial piece of information (anchor) when making decisions.
Adjustment Heuristic
A rule of thumb where an initial estimate is adjusted based on additional information or analysis.
Cognitive Bias
A systematic pattern of deviation from norm or rationality in judgment, where inferences about other people and situations may be drawn in an illogical fashion.
Availability Heuristic
A decision-making heuristic in which our estimates of frequency or probability of events are based on how easy it is to find examples.
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