Examlex
"ECN" is an acronym for ____.
Automatic Withdrawals
Electronic funds transfers or payments automatically deducted from a bank account, typically used for recurring expenses.
Endowment Effect
The phenomenon where individuals value an owned object higher than they would if they did not own it.
Raffle Prize
A reward given to a randomly selected participant in a raffle, where people enter by purchasing tickets for a chance to win.
Myopia
Refers to the difficulty human beings have with conceptualizing the more distant future. Leads to decisions that overly favor present and near-term options at the expense of more distant future possibilities.
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