Examlex
The position of an SBU along the horizontal axis indicates the annual growth rate of the market.
Overconfident
A psychological condition where an individual's belief in their own abilities, decisions, or forecasts exceeds the objective accuracy of those beliefs, often leading to risk-taking behaviors.
Ultimatum Game
A game in experimental economics, where two players decide on how to divide a sum of money, with one proposing the split and the other accepting or rejecting it.
Homo Economicus
An idealized concept of a rational and self-interested individual, considered in economic theories to predict decision-making behaviors.
Innate Sense
A natural or inborn feeling, knowledge, or ability, not learned through experience but inherent at birth.
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