Examlex
Nomothetic research is generally regarded as more scientific than idiographic research.
Ultimatum Game
A game in economic experiments where two players decide how to divide a sum of money, with one proposing the split and the other accepting or rejecting it.
Time Inconsistency Problems
A situation in which a person's preferences change over time, such that what they plan to do in the future is inconsistent with their future desires, leading to potential issues in decision-making or policy settings.
Precommitments
Voluntary actions or pledges made in advance by an individual or organization to restrict future choices, usually to avoid impulsive behavior or to stick to a strategic plan.
Behavioral Economists
Professionals who explore how various psychological, cognitive, emotional, cultural, and social factors affect the economic decisions made by both individuals and institutions.
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