Examlex
The following table shows the value of CPI for three years in a country. Which of the following is the annual inflation rate for 2005?
Availability Heuristic
A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
Fundamental Attribution Error
The tendency to overestimate the influence of personality and underestimate the impact of situational factors on other people's behavior.
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."
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