Examlex
The board of directors of each corporation involved must approve a merger.
Base-Rate Information
This term relates to how often an event occurs within a general population.
Representativeness Heuristic
A mental shortcut that involves making judgments about the probability of an event under uncertainty, based on how much it resembles existing prototypes.
Algorithm
A set of rules or procedures for solving a problem in a finite number of steps, often used in computer programming.
Base-Rate Information
Statistical data that indicates the prevalence of a particular phenomenon in a given population.
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