Examlex
When solving for the future value of a stream of unequal cash flows, it is important to add the values together BEFORE applying the future value formula to determine their future value.
Script Information
Knowledge structures stored in memory that dictate the sequence of actions in specific contexts.
Representativeness Heuristic
A cognitive shortcut that involves judging the probability of an event by its similarity to a prototype.
Cognitive Map
A mental representation of one's physical environment, helping individuals navigate and understand spatial information.
Algorithm
A step-by-step procedure or formula for solving a problem or completing a task in a finite number of steps.
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