Examlex
Explain the author's definition of mindful skepticism.
Continuous Innovation
Innovations that involve slight improvements or modifications to existing products, requiring minimal changes in consumer behavior to adopt.
Collective Selection Model
A theorized model wherein group decisions emerge from the collective preferences and choices of individuals within the group.
Sociological Approach
A method of understanding society and human behavior through the examination of social structures, interactions, and systems.
Snob Effect
A phenomenon where the demand for a certain good increases as it becomes more exclusive or perceived as being more prestigious, contrary to the typical behavior predicted by the law of demand.
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