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Despite commonalities throughout the world, there is not much variability in the way in which delinquency is measured from country to country around the world, and this makes it easy to determine the exact extent of delinquency and its impact on the global community.
Escalating Commitment
The continuation of a course of action even though it is not working.
Cost-Benefit Impact
The analysis or effect of comparing the costs and benefits of a decision, project, or investment.
Behavioural Decision Model
A theoretical framework focusing on the cognitive, social, and emotional influences on individual and collective decision-making processes.
Bounded Rationality
A concept suggesting that in decision-making, individuals are limited by the information they have, their cognitive limitations, and the finite amount of time they have to make a decision.
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