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Simon laughed long and hard when he saw his mother slip and fall.Neither his sister nor his father laughed when they saw her fall.Simon has seen both his mother and other people fall before,but didn't laugh then.According to Kelley's covariation model,observers privy to this information are likely to assume that
Ultimatum Game
A game in economic experiments where two players decide how to divide a sum of money, with one proposing the split and the other accepting or rejecting it.
Time Inconsistency Problems
A situation in which a person's preferences change over time, such that what they plan to do in the future is inconsistent with their future desires, leading to potential issues in decision-making or policy settings.
Precommitments
Voluntary actions or pledges made in advance by an individual or organization to restrict future choices, usually to avoid impulsive behavior or to stick to a strategic plan.
Behavioral Economists
Professionals who explore how various psychological, cognitive, emotional, cultural, and social factors affect the economic decisions made by both individuals and institutions.
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