When More People Shop During Weekends Instead of Weekdays It

question 181

Multiple Choice

When more people shop during weekends instead of weekdays it is called:

• A) time bunching.
• B) a shock.
• C) intertemporal substitution.
• D) an irreversible investment.

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Definitions:

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often known as the "I-knew-it-all-along" phenomenon.

Just-World Phenomenon

The Just-World Phenomenon is a cognitive bias wherein individuals believe that the world is inherently fair, leading them to rationalize others' suffering as deserved due to their actions.

Scapegoating

The practice of singling out one person or group for unmerited blame and hostility.

Other-Race Effect

An inclination to more effortlessly discern faces of the race one is predominantly exposed to, generally one's own race.