Question: A Changing Business for a Changing Science Define the terms related to undisciplined mental principles: the primacy effect the recency effect selective perception confirmation bias

A Changing Business for a Changing Science

Define the terms related to undisciplined mental principles:

  1. the primacy effect
  2. the recency effect
  3. selective perception
  4. confirmation bias
  5. contrast effect
  6. expectation bias
  7. availability heuristic
  8. base rate fallacy
  9. illusory correlation
  10. neglect of probability
  11. negativity bias
  12. valence effect
  13. bizarreness effect
  14. pseudocertainty effect
  15. risk compensation
  16. loss aversion

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