Examlex
The franking privilege is
System I Thinking
A term from dual-process theory referring to fast, automatic, emotional, and subconscious thought processes.
Utility Theory
A theory in economics and finance that describes how individuals choose among different options or actions based on their expected happiness or satisfaction.
Framing
The way a decision is phrased or the way options are described. Seemingly peripheral aspects of the framing can influence decisions by changing the point of reference.
Double-Or-Nothing
A gamble or bet in which the stakes are either doubled or lost entirely.
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