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When We Stereotype Individuals Based on "Stock" Images That We

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When we stereotype individuals based on "stock" images that we have created about certain types of people such as 'absentminded professor' and 'shady lawyer' we are engaging in


Definitions:

Price Increase

A rise in the cost of goods or services, which can affect consumer purchasing behavior and inflation rates.

Smaller Package

A reduction in product size or quantity while maintaining or increasing the price, often unnoticed by consumers.

Planning Fallacy

The tendency to underestimate the time, costs, and risks of future actions while overestimating the benefits, leading to poor planning and outcomes.

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