Examlex
The increased emphasis on studying human cognition that emerged in the 1950s was largely due to
Loss Averse
The tendency of individuals to prefer avoiding losses to acquiring equivalent gains, a fundamental behavior observed in economic and financial decision-making.
Framing Effect
A cognitive bias in which the way information is presented affects decision-making or judgments, leading individuals to alter their interpretation based on the "frame" of reference.
Identical Situations
Circumstances or scenarios where all relevant factors and conditions are exactly the same for all parties involved.
Different Contexts
The varying situations, circumstances, or environments in which a concept or term can be applied or understood.
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