Examlex
Describe and evaluate the different methods that are being used to protect online privacy. Which of these methods do you think is or could be the most effective?
Prospect Theory
A behavioral economic theory that describes how people make choices when faced with uncertain outcomes, emphasizing the value of gains and losses rather than final outcomes.
Default Options
Pre-selected choices or settings designed to simplify decision-making by assuming a standard action unless an alternative is specified.
Status Quo Bias
A cognitive bias that leads individuals to prefer things to stay the same by resisting change or new alternatives.
Behavioral Economics
A field of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions made by individuals and institutions.
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