Examlex
The immunity of judges for decisions made as part of their judicial function originated in medieval times.
Behavioral Economics
An area within economics that investigates the influence of emotional, psychological, cognitive, social, and cultural elements on the economic decision-making of both individuals and institutions.
Tax Burden
The financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.
Economically Rational
Decision-making based on the principle of maximizing benefits while minimizing costs and resources.
Myopia
Refers to the difficulty human beings have with conceptualizing the more distant future. Leads to decisions that overly favor present and near-term options at the expense of more distant future possibilities.
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