Examlex
As part of the calibration of a new laboratory balance,a 1.000-g mass is weighed with the following results:
The balance is:
Framing Error
A mistake that occurs when information is presented or perceived in a way that biases or distorts decision making.
Sunk Cost Bias
The decision to continue an investment based on past investments of time, effort, and/or money.
Projection Bias
The tendency to mistakenly assume that others share one's current thoughts, feelings, or attitudes.
Randomness Error
An error that occurs when there is no discernible pattern or cause in the mistake or variability.
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