Examlex
According to misperceptions theory,if a firm thought that inflation was going to be 5 percent and actual inflation was 4 percent,how may the firm be affected?
Belief Perseverance
The phenomenon where individuals continue to adhere to their initial beliefs even in the face of contradictory evidence.
Doubt
A feeling of uncertainty or lack of conviction about something.
Irrational Thinking
A thought process characterized by unrealistic or nonlogical reasoning.
First Impression
The initial perception one forms about another person or situation based on available information at first encounter.
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