Examlex
The term diversity refers to differences in gender, age, socioeconomic background, and any other characteristic that is used to distinguish between people.
Rational Decisions
Decisions that are made based on logical reasoning from available information, aiming to maximize the outcome or benefit.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.
Dictator Game
A mutually anonymous behavioral economics game in which one person (“the dictator”) unilaterally determines how to split an amount of money with the second player.
Ultimatum Game
A behavioral economics game in which a mutually anonymous pair of players interact to determine how an amount of money is to be split. The first player suggests a division. The second player either accepts that proposal (in which case the split is made accordingly) or rejects it (in which case neither player gets anything).
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Q109: The term diversity refers to differences in