Examlex
How much must be invested today in order to generate a 5-year annuity of $1,000 per year,with the first payment 1 year from today,at an interest rate of 12%?
Confirmation Bias
The tendency to take evidence that’s consistent with your beliefs more seriously than evidence inconsistent with your beliefs.
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.
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