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Which of the following statements are not correct?
Availability Heuristic
A mental heuristic that uses the most readily accessible examples in someone's memory to appraise a specific area, concept, technique, or decision-making process.
Behavioral Economists
Scholars who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Payroll Deduction
A method where an employer withholds a portion of an employee's salary for taxes, insurance premiums, or contributions to retirement plans, directly reducing the employee's take-home pay.
Retirement Fund
A financial arrangement or savings plan intended to support individuals financially after they retire from active work.
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