Examlex
Describe some of the genetic variation that is most common to people native to colder regions of the world.
Endowment Effect
The tendency for people to value something more highly simply because they own it.
Behavioral Economics
A field of economics that studies how psychological, social, cognitive, and emotional factors affect the economic decisions of individuals and institutions and the consequences for market prices, returns, and resource allocation.
Availability Heuristic
An intellectual simplification employed when the examples readily thought of are used to assess a particular matter, notion, method, or judgement.
Time Inconsistency
is a situation where a person's preferences change over time, such that what they choose today may differ from what they will choose in the future, often leading to decision-making challenges.
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