Examlex
Which of the following is an example of an implicit cost?
Language Acquisition
The process by which humans acquire the capacity to perceive, produce, and use words to understand and communicate.
Heuristic
A problem-solving approach using practical methods or rules of thumb for making quick decisions, often sacrificing accuracy for speed.
Confirmation Bias
The inclination to seek out, understand, prefer, and remember data in a manner that supports one's already held beliefs or theories.
Law of Small Numbers
The erroneous belief that small samples will accurately represent the larger population from which they are drawn.
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