Examlex
In 2001, which of the following accounted for more than three out of four drug offences?
Precommitments
Strategies or actions taken in advance to bind oneself to a specific course of action, often used to influence future decision-making or outcomes.
Present Consumption
The use of goods and services for immediate satisfaction or needs, as opposed to saving or investing for future use.
Behavioral Economists
Economists who study the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.
System 2
A concept from cognitive psychology that refers to the deliberate, analytical, and slow way of thinking, as opposed to quick, instinctual decisions.
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