A(n) _____ Is a List of Risks That Are Low

question 56

Short Answer

 A(n) _____ is a list of risks that are low priority, but are still identified as potential risks.

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Definitions:

Endowment Effect

A psychological phenomenon where people ascribe more value to things merely because they own them.

Prospect Theory

A behavioral economic theory that describes how people make decisions under conditions of risk and uncertainty, prioritizing losses differently from gains.

Framing Effect

A cognitive bias where people decide on options based on whether they are presented in positive or negative terms.

Framing Effects

Cognitive biases where people react differently based on how choices or information are presented or "framed" to them.