Examlex
In what year was the first scientific laboratory of psychology established in Leipzig, Germany?
Behavioral Economists
Experts who investigate the impact of mental, cognitive, emotional, cultural, and social aspects on the financial decision-making of people and institutions.
Marathon Performance
The outcomes or results achieved by individuals or groups in the context of a long-distance running event, typically 26.2 miles.
Precommitments
Binding agreements made in advance to restrict future actions or decisions, often used in behavioral economics to help individuals stick to long-term goals.
Time Inconsistency
The tendency of a person or entity to change their planned course of action over time due to a change in preferences.
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