Examlex
In the context of group cohesion,which of the following occurs when illegal actions are taken by overly zealous and loyal subordinates who believe that what they are doing will please their leaders?
Time Inconsistency
The tendency of people to change their plans about future actions due to a preference for immediate gratification over future reward.
Cognitive Bias
A systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.
Behavioral Economics
An area within economics analyzing how various psychological, emotional, cognitive, cultural, and social elements affect the decision-making processes in economics of both individuals and organizations.
Net Change
The difference in an entity's value between two points in time, commonly used in reference to stock prices or financial performance.
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