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Frame Dependence
The phenomenon where an individual's decision-making is influenced by the way information is presented, rather than just the information itself.
Finance
The science of managing funds, including activities such as saving, lending, investing, budgeting, and forecasting.
Reasoning Errors
Reasoning errors are mistakes in logical thinking that occur when drawing conclusions or making decisions, often leading to incorrect or biased outcomes.
Overly Optimistic
Describes an excessively positive outlook on situations, often disregarding potential risks or negative outcomes.
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