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What events led to the development of the Systems Development Life Cycle (SDLC)?
Behavioral Economics
A field of economic research that analyzes how psychological, social, cognitive, and emotional factors affect economic decisions of individuals and institutions.
Ultimatum Games
A type of game in experimental economics where two players interact to decide how to divide a sum of money; one proposes the split, and the other accepts or rejects it.
Endowment Effect
A psychological phenomenon in which people assign higher value to things merely because they own them.
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