Examlex
____________ is a term that would describe a Canadian working for a Swedish firm in the US.
Availability Heuristic
A cognitive bias where people make judgments about the likelihood of an event based on how easily examples come to mind.
Endowment Effect
A cognitive bias where individuals value an owned object higher than a similar object they do not own, often affecting decision-making and market outcomes.
Framing Effects
Framing effects are cognitive biases where an individual's choice is influenced by the way information is presented, rather than just the information itself.
System 1
An automatic, fast, and often unconscious way of thinking, as described in dual-process theories of cognition.
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