Examlex
A sample of an ideal gas has its volume doubled while its temperature remains constant. If the original pressure was 100 torr, what is the new pressure?
Status-Quo Bias
Status-quo bias is the preference to keep things the same or maintain a current or previous decision.
Prospect Theory
A theory in behavioral economics explaining the decision-making process of individuals when faced with alternatives that have uncertain outcomes, with known probabilities of these outcomes.
Behavioral Economics
A field of economic research that studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
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