Examlex
Married couple Tim and Tia are biologically capable of conceiving,but feel more comfortable and content to live lives that do not include parenting.They prefer to be called ________.
Financial Wisdom
The knowledge and understanding necessary for making prudent financial decisions, encompassing personal finance, investing, budgeting, and saving strategies.
Representativeness Heuristic
A cognitive shortcut used in decision-making, where the likelihood of an event is judged by how much it resembles existing stereotypes.
Affect Heuristic
The reliance on instinct instead of analysis in making decisions.
Endowment Effect
A cognitive bias in which individuals value an owned object higher than its market value, simply because they own it.
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