Examlex
How do options apply to capital budgeting?
Explain and give an example.
Fixation
An obsessive focus or attachment to certain behaviors, people, or developmental stages, often hindering emotional development.
Mental Set
A cognitive tendency to approach situations in a fixed way based on previous experiences, potentially inhibiting problem-solving.
Confirmation Bias
The bias towards selecting, decoding, favoring, and reminiscing over data that corroborates one's prior beliefs or conjectures.
Perceptual Set
A tendency to perceive or notice some aspects of the available sensory data and ignore others.
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