Examlex
A decision node in an activity diagram is used to represent the actual test condition that is used to determine which of the paths exiting the node is to be traversed.
Economic Behavior
The study of how individuals, groups, and organizations make choices to allocate resources, including how they trade and make decisions under scarcity.
Ultimatum Game
A game in economic experiments where one player offers how to divide a sum of money with another player who can either accept or reject the offer.
Nudging
A concept in behavioral economics, proposing subtle interventions to influence the choices and behaviors of individuals without restricting options.
Precommitments
Strategies or mechanisms employed by individuals to constrain their future actions or choices, often to avoid temptation or ensure long-term goals are met.
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