Examlex
Participative budgeting involves only personnel at top levels of the organization.
False Consensus Effect
The tendency for people to overestimate the extent to which their beliefs, opinions, preferences, values, and habits are normal and typical of those of others.
Counterfactual Thinking
The human tendency to create possible alternatives to life events that have already occurred, something akin to imagining "what might have been."
Availability Heuristic
A cognitive bias wherein individuals judge the probability of events based on how easily examples come to mind.
Representativeness Heuristic
A cognitive shortcut that involves making judgments about the probability of an event under uncertainty, based on how much it resembles the typical case.
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