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Risk-Aversion Theory
A concept in economics and finance that explains individuals' or institutions' tendency to prefer outcomes with lower uncertainty and risk, impacting their decision-making processes.
Gestalt Theory
A psychological theory proposing that the human mind tends to perceive objects not by their individual parts but as whole systems.
Identity Negotiation
The process through which individuals reach agreements about each other's social identities during interactions, affecting relationships and social structures.
Consumer Traits
Characteristics or properties that consistently influence the way individuals select, purchase, and use goods and services.
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