Examlex
Unfounded ideas, or false beliefs which have no basis in fact, are considered ______.
Dictator Game
An experimental game in economics and psychology where one participant, the "dictator," determines how to split an endowment between themselves and another participant.
Behavioral Economists
Researchers dedicated to understanding how psychological, cognitive, emotional, cultural, and social influences shape the economic choices made by individuals and institutions.
Evenly Split
A division or distribution of something into equal or nearly equal parts.
Invisible Hand
The tendency of competition to cause individuals and firms to unintentionally but quite effectively promote the interests of society even when each individual or firm is only attempting to pursue its own interests.
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