Examlex
What is the difference between the nominal and the real interest rate? If you go into the bank to borrow money, which rate would the bank quote you?
Irrational Decisions
Choices made contrary to or without consideration of the available evidence or logic.
Anchoring
A cognitive bias where an individual relies too heavily on an initial piece of information (the "anchor") to make subsequent judgments.
Behavioral Economists
Researchers and experts who study the psychological, social, cognitive, and emotional factors influencing economic decisions and behaviors of individuals and institutions.
Recently Considered Information
Pertains to the latest data or findings that have been taken into account in a particular context or analysis.
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