The Work of the Founding Father of Behavioural Economics, Dr

question 116

True/False

The work of the founding father of behavioural economics, Dr. Daniel Kahneman was crucial in demonstrating how people usually confuse representativeness with probability?

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Definitions:

Action Potential

A neural impulse; a brief electrical charge that travels down an axon.

Neurons

Nerve cells that serve as the building blocks of the nervous system, vital for carrying messages throughout the body.

Sodium Ions

Positively charged particles of sodium, essential for conducting nerve impulses and maintaining fluid balance in the body.

Synaptic Gap

The minuscule space between neurons across which neurotransmitters travel to transmit signals from one neuron to the next.