Examlex
List the three categories of the balance sheet. For each category, provide the definition and examples of two types of accounts that are found in that particular category.
Availability Heuristic
The availability heuristic is a mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
Confirmation Bias
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.
Self-Serving Bias
A common cognitive bias where individuals attribute their successes to personal factors while attributing their failures to external factors.
Chess Expert
An individual with a high level of skill and knowledge in the game of chess, often recognized through rankings or achievements.
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