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-In the above figure, the y-coordinate of point b is
Positive Outcomes
Results or consequences that are desirable, beneficial, or have a good impact on individuals or groups.
Recognition Heuristics
A psychological strategy where a person makes a decision based on the recognition of one alternative over others, often used in situations involving uncertainty.
Economic Models
Simplified representations of complex economic processes used to predict and analyze economic outcomes.
Impulse Buying
The act of purchasing items on a whim without prior planning, often driven by emotions or immediate desires.
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