Examlex
An index fund is a mutual fund which has the following characteristics:
Representativeness Heuristic
A cognitive shortcut where the likelihood of an object belonging to a category is judged based on how representative it is of that category, often leading to errors in judgment.
Immature 'Surfie'
A derogatory term used to describe a young surfer perceived as immature or lacking responsibility.
Anchoring
Anchoring is a cognitive bias in decision-making where an individual relies too heavily on an initial piece of information (the "anchor") to make subsequent judgments or estimates.
Affect-Infusion Model
A model suggesting that the mood or affective state of an individual can influence their cognitive processes and decision-making.
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