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Foursquare

question 9

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Foursquare:


Definitions:

Framing Effect

The cognitive bias where people react differently to a particular choice depending on how it is presented, such as a loss or gain.

High-End Retailers

Retail outlets that focus on selling premium products and services, often associated with luxury or top-quality items.

Architecture

The art and science of designing and constructing buildings and other physical structures, focusing on aesthetics, functionality, and the spatial experience.

Prospect Theory

A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are known.

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