Examlex
A complex white-collar case is more likely to receive a lenient plea bargain than a straightforward case.
Bounded Rationality
The concept that individuals make decisions based on the limited information they have, their own cognitive limitations, and the finite time they have to make a decision.
Decision Making
The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions to achieve a goal.
Same Information
Same information denotes data or facts that are identical in content, meaning, or value when compared across different sources or instances.
Risk Propensity
Risk propensity is the degree to which an individual is willing to take risks, influencing decision-making processes in personal and professional contexts.
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