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Socioeconomic Status
A measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.
Fundamental Attribution Error
The tendency to overestimate the influence of internal factors in determining behavior while underestimating situational factors.
Groupthink
A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.
Self-Serving Bias
The common tendency to attribute one's successes to personal characteristics and failures to external factors.
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