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People generally prefer a choice that provides an 80% chance of success over one that provides a 19% chance of failure. This illustrates the effect of
Species
A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, classed together under a common category.
Genus
A classification in biological taxonomy that ranks above species and below family, grouping species that share common characteristics.
Concept
A general idea or understanding that is formulated in the mind.
Species
In biological classification, it refers to the basic unit of classification, defined as groups of organisms capable of interbreeding and producing fertile offspring.
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