Examlex
Raina is a 2-year-old girl who is developing at an average rate. What is her expected gain in height throughout early childhood?
Preferences
Individual likings or choices among various options or alternatives.
Hindsight Bias
The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I knew it all along" phenomenon.
Representativeness Heuristic
A cognitive shortcut where the likelihood of an object belonging to a category is judged based on how typical the object appears to be of that category.
Phases of Decision Making
Describes the sequence of steps from identifying a problem or opportunity, through to the final choice and its implementation.
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