With Regard to the Serial Position Effect, the Primacy Effect

question 103

Multiple Choice

With regard to the serial position effect, the primacy effect refers to the superior recall of words presented at/in the ___________ of the list.

• A)beginning and end
• B)end
• C)middle
• D)beginning

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Definitions:

Behavioral Economics

A field of economics that studies how psychological, social, cognitive, and emotional factors influence economic decisions of individuals and institutions.

Stock Portfolio

A collection of stocks that an individual or institution holds, representing investments across one or more types of stock, sectors, or industries.

Positive Utility

The benefit or satisfaction gained from the consumption of goods or services that contribute to an individual's well-being and happiness.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision, which can lead to biases.