Examlex
An important step in developing a financial plan is to record specific goals you want to achieve.
Human Brain Modularity
The concept that the human brain operates through distinct regions or modules that specialize in different functions.
Heuristics
The brain’s low-energy mental shortcuts for making decisions. They are “fast and frugal” and work well in most situations but in other situations result in systematic errors.
System 1
This refers to a concept in psychology, specifically in the dual-process theory of thought, where System 1 is the fast, instinctive, and emotional way of thinking.
Availability Heuristic
A cognitive bias where individuals rely on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
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