Examlex
The pluralist view of power focuses on aan)
Outcome
The result or effect of an action, situation, or economic activity.
Preferences
Individual choices or priorities that influence decision-making in various situations.
Behavioral Economists
Scholars who study the psychological, social, cognitive, and emotional factors affecting the economic decisions of individuals and institutions.
Status Quo Bias
The tendency most people have when making choices to select any option that is presented as the default (status quo) option. Explainable by prospect theory and loss aversion.
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