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A Behavioral Bias in Which an Individual Tends to Allow

question 80

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A behavioral bias in which an individual tends to allow an initial estimate (of value or price) to dominate the subsequent assessment (of value or price) regardless of new information to the contrary is called:


Definitions:

Main Power Lines

The primary electrical transmission and distribution lines carrying high voltage electricity from power plants to substations before distribution to consumers.

Fault Relay Contact

An electrical switch that opens or closes in response to a fault condition, used for safety or control in electrical circuits.

Processor Malfunction

An error condition in which the CPU of a computer or industrial control system fails to operate correctly.

Input Address

The unique identifier used in PLC (Programmable Logic Controller) programming and other computer systems to specify the location of an input signal or data.

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