Examlex
Piaget's belief that later cognitive developments are based on earlier accomplishments in an unvarying order is referred to as being
True Probabilities
The actual likelihood of an event occurring, as opposed to estimated probabilities based on theoretical models or assumptions.
Information Processing
The process of gathering, storing, and manipulating data to produce meaningful information.
Fully Rational
Describes an economic theory assumption that individuals always make decisions that provide them with the highest amount of personal satisfaction or utility, based on full knowledge and a consistent evaluation of available information.
Behavioral Biases
Psychological tendencies that cause individuals to act in predictably irrational ways, often impacting financial and investment decisions.
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