Examlex
The Fed can increase the ____________ to decrease the money supply.
Framing Effects
The influence on decision-making and judgment caused by the way information is presented, where different phrasing, presentation, or context can significantly alter individuals' choices.
Self-Serving Bias
A cognitive bias where individuals attribute positive outcomes to their own actions but negative outcomes to external factors.
System 2
A term often associated with dual-process theories of mind, representing the analytical, deliberate, and logical mode of thinking.
Framing Effects
Cognitive biases where people's decisions are influenced by the way information is presented, rather than just the information itself.
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