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What is the average time in line (in minutes) for a low priority item?
Genetics
The branch of biology that studies heredity and the variations in organisms caused by the transmission of genetic material from parents to offspring.
Illusory Correlation
This is the cognitive phenomenon of perceiving a relationship between variables (typically people, events, or behaviors) even when no such relationship exists.
Sunk Fallacy
A cognitive bias that compels people to continue investing in a project or decision based on the cumulative prior investment (time, money, resources), despite new evidence suggesting that the cost, moving forward, outweighs the expected benefit.
Endowment Effect
A cognitive bias that causes individuals to value an owned object higher than its market value.
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