Examlex
Herzberg's dual-structure theory identifies motivation factors, which prevent dissatisfaction, and hygiene factors, which enhance satisfaction.
Precommitment Device
A strategy or mechanism used by individuals or firms to constrain their future actions in order to achieve a desired outcome.
Behavioral Economists
Specialists who study economic decisions by integrating insights from psychology, judgment, and economics to understand how individuals and institutions make choices.
Alarm Clock
A device used to awaken individuals from sleep at a set time with an alarm.
Myopia
A condition where individuals or organizations focus on short-term gains at the expense of long-term benefits, often leading to suboptimal decisions.
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