Examlex
Which type of mutual fund invests primarily in corporate bonds with maturities between 5 and 10 years?
Availability Heuristic
The availability heuristic is a cognitive bias that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
Representativeness Heuristic
A cognitive shortcut that people use to classify something as belonging to a certain category based on how similar it is to a typical case from that category.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.
Cognitive Shortcuts
Mental strategies or heuristics that simplify decision making by reducing the amount of processing required to come to conclusions.
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