Unobservable Variables That Enter into Decisions Are Called

question 5

Multiple Choice

Unobservable variables that enter into decisions are called

• A)latent variables
• B)endogenous variables
• C)heterogeneity
• D)count data

---

Definitions:

Sensory Pleasure

Enjoyment derived from stimuli that affect the senses, such as tastes, smells, sounds, and textures.

Checking Rituals

Repetitive behaviors or mental acts that individuals feel compelled to perform to relieve anxiety, often associated with OCD.

Trust

Reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.

Memory

The cognitive procedure of converting, holding, and accessing information.