Examlex
Which of these is a basic goal of the Federal Reserve System?
Status Quo Bias
A cognitive bias that favors existing conditions or states of affairs, leading individuals to resist change.
Omission Bias
The tendency to judge harmful actions as worse, or less moral, than equally harmful omissions (inactions).
Decision Avoidance
The phenomenon where an individual or group deliberately chooses not to make a decision, often to avoid responsibility or negative outcomes.
Certainty Effect
The tendency for people to overweight outcomes that are certain relative to outcomes that are merely probable.
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