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Table 2.1
-Using the information in Table 2.1, calculate the molecular weight of ethanol, C2H5OH.
Framing Effects
The influence on decision making prompted by the way information is presented, rather than just the information itself.
Self-Serving Bias
The common human tendency to attribute positive events to one's own character but attribute negative events to external factors.
Endowment Effect
The tendency people have to place higher valuations on items they possess (are endowed with) than on identical items that they do not possess; perhaps caused by loss aversion.
Time Inconsistency
The tendency of certain conditions or decisions to change over time, especially in the context of economic planning and policy-making.
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