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Larger networks typically use a switch, while smaller networks use a hub.
Overconfidence
A cognitive bias where an individual overestimates their own ability, knowledge, or control over events.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.
Loss Aversion
Oversensitivity to loss, leading to an unwillingness to recognize a loss and move on.
Mental Accounting
The habit of mentally assigning dollars to different accounts so that some dollars are worth more than others.
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