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The perfectly rational characteristics embodied in Economic Persons exist in many decision makers.
Independent Variable
In an experiment, the variable that is manipulated or changed to observe its effect on the dependent variable.
Dependent Variable
A variable in experimental research that is expected to change as a result of manipulations in the independent variable.
Cause-Effect Relationship
A relationship where one event (the cause) makes another event happen (the effect), demonstrating a connection between actions and outcomes.
Dependent Variable
The variable in an experiment that is expected to change in response to manipulations of the independent variable.
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