Examlex
The tendency of many different economic variables to have regular and predictable patterns across industries over the business cycle is called
Group Attribution Error
The tendency to erroneously attribute the behavior or attitudes of individual members to the characteristics of the group as a whole.
Extremity Bias
A cognitive bias where individuals tend to remember and give disproportionate weight to the most extreme examples or experiences.
Law of Small Numbers
A cognitive bias that leads people to draw broad conclusions from small data sets or limited information.
Outgroup Heterogeneity Bias
The tendency to view members of an out-group as more diverse and individual than members of one's own in-group.
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