Examlex
What must a person do to acquire a parcel of land by adverse possession?
Behavioral Economists
Specialists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Present Consumption
The consumption of goods and services in the current period, as opposed to saving for future consumption.
Precommitments
Commitments made in advance to a specific course of action, often used as a strategy to restrain one's future actions.
Salary Smoothing
The practice of moderating the fluctuations in an employee's pay through methods that stabilize income, such as averaging earnings over time or providing benefits that reduce the impact of income variability.
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