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According to Baumol, Blinder, and Solow, recognition of the usefulness of markets
Subliminal Perception
involves detecting information below the threshold of conscious awareness, influencing thoughts, feelings, or actions without conscious realization.
Effect on Behavior
The impact that various factors, such as environment, psychology, and genetics, have on how individuals act or respond to situations.
Cocktail Party Phenomenon
The ability of individuals to focus their attention on a single conversation in a noisy environment, filtering out other conversations.
Phi Phenomenon
An optical illusion of perceived continuous motion between separate objects viewed rapidly in succession, such as in motion pictures.
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