Examlex
When a question has only two possible choices,it is referred to as a _____________question.
Heuristics
Mental shortcuts or rules of thumb that simplify decision making, often utilized when facing complex problems or incomplete information.
Reasoning
The mental activity of transforming information to reach conclusions.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.
Endowment Effect
The cognitive bias causing individuals to ascribe higher value to things merely because they own them.
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