Examlex
A beer maker is using yeast to make his favorite brew. How does yeast produce ethanol?
Sunk-Cost Fallacy
A cognitive error where past investments of time, effort, or money are taken into account when making a decision, even though they cannot be recovered.
Loss Aversion
The tendency to strongly prefer to avoid losses compared to attempting to acquire gains.
Hindsight Bias
The inclination to see events as having been predictable, after they have already occurred.
Confirmation Bias
The inclination to seek out, understand, prefer, and remember data in a manner that affirms someone's already held beliefs or assumptions.
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