Examlex
In order to determine how much two means must differ for this difference to be considered "real and not due to chance,we must use a procedure known as percent variance.
Framing Error
A cognitive bias where the way information is presented influences decision making or judgment.
Escalation
The process of increasing or intensifying a situation or conflict, often leading to a more serious state.
Overconfidence
A cognitive bias where someone's subjective confidence in their judgments is greater than their objective accuracy.
Short-Term Thinking
A focus on immediate results or benefits at the expense of longer-term goals or implications.
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