Examlex
Members of which ethnic group are typically presented on television as nerdy students,inscrutable martial arts masters,seductive Dragon Ladies,or clueless immigrants?
Endowment Effect
A mental prejudice in which individuals attribute higher worth to items simply because they possess them.
Prospect Theory
A behavioral economic theory that describes how people make decisions between probabilistic alternatives that involve risk, where the outcomes are known.
Identical Item
A product or object that is exactly the same in every aspect as another, with no variations.
Status Quo Bias
The preference for the current state of affairs, where changes are resisted even when better options are available.
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