Examlex
A manufacturer of paint has two factories located in France and Spain and due to economic conditions must close one of them. The factory productivity data is as follows:
Contrast Effect
A cognitive bias where the difference between two things is exaggerated because they are compared directly to each other.
Perceptual Distortion
A cognitive bias that affects how one perceives reality, often leading to inaccuracies or misinterpretations.
Selective Attention
The process by which one focuses on certain stimuli within the environment while ignoring others, thereby allocating cognitive resources to relevant information.
Halo Effect
a type of cognitive bias where the perception of one positive quality in a person or thing influences the overall perception of that entity as positive.
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