Bias
From Open Risk Manual
Definition
Bias is a general term that denotes an explicit and systematic tendency to prefer certain choices over others. It may refer to people and associated cognitive biases of experts, to algorithms and associated Model Bias, which may be unwitting or desired, instrument / measurement bias etc.
Bias implies a lack of accuracy. Bias (systematic error), can occur because of failure to capture all relevant processes involved or because the available data are not representative of all real-world situations, or because of instrument error.
