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Economics of Information
A study within economics that analyzes how information affects an economy and economic decisions.
Rational Assessment
The evaluation of situations or solving problems based on logic and reasoning, often involving critical thinking and analysis.
Hyperopia
In marketing, refers to a consumer's tendency to prioritize long-term benefits over immediate gratification, opposite of myopia. In vision, it is farsightedness.
Habitual Decision Making
The process of making choices that are consistent and routine, often without much thought, typically based on past behaviors and patterns.
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