Schweser Bk 1 Pg 192 defines ‘representative bias’ (Part of cognitive error -belief perseverance)
Schweser Bk 1 Pg 196 defines ‘categorisation under availability bais’ (Part of cognitive error -processing bias)
The one difference I could spot between both is that in categorisation it insists on ‘first categorised’.
Can anyone please add as to what the dfference is and how I could identify which is which?
Thank you
Schweser Bk 1 Pg 196 defines ‘categorisation under availability bais’ (Part of cognitive error -processing bias)
The one difference I could spot between both is that in categorisation it insists on ‘first categorised’.
Can anyone please add as to what the dfference is and how I could identify which is which?
Thank you