Examlex
HFA:
External Review
An evaluation or assessment conducted by individuals or entities outside of an organization to ensure objectivity and impartiality, often focusing on processes, products, or financial health.
Framing Bias
A cognitive bias where people react differently to a particular choice depending on how it is presented, such as a loss or gain.
Risk-Averse
A tendency to avoid taking risks, preferring safer or more predictable outcomes over uncertainty.
Risk-Seeking
characterizes the tendency of an individual or entity to take decisions that have a significant level of uncertainty or potential for negative outcomes in the hope of achieving higher gains.
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