Examlex
If a product is an inferior good, then its income elasticity of demand is
Actor-Observer Difference
A tendency to attribute one's own actions to situational factors while attributing others' actions to their dispositions.
Similar-To-Me Effect
A bias where individuals are more favorable towards others who they perceive as similar to themselves in some manner.
The Halo Effect
The halo effect is a cognitive bias where the perception of one positive trait influences the perception of other traits of an individual or object.
Social Information Processing
Involves how individuals perceive, interpret, and respond to social information in their environment, affecting their social interactions and outcomes.
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