Examlex
Fill in the blanks with the correct words to make the following statement true:
One of the reasons ______ environments tend to be cooler than _______ environments is that _______ environments tend to have a lower albedo.
Framing Error
A mistake in decision-making caused by misrepresenting or misinterpreting the context or information surrounding the decision.
Escalating Commitment
The phenomenon of individuals or organizations continuing to invest in a decision, project, or course of action despite evidence of its failure.
Anchoring Bias
A cognitive bias where an individual depends too heavily on an initial piece of information (the "anchor") when making decisions.
Escalating Commitment
A behavioral pattern where an individual or organization continues to follow a failing course of action due to emotional attachment or the desire to justify prior investments.
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