Examlex
Effective transitions are useful tools for helping readers grasp what they've learned so far while preparing to receive new information.
Anchoring
A cognitive bias in decision-making where individuals rely too heavily on an initial piece of information (the "anchor") when making judgments.
Minimum Payments
The smallest amount of a debt that must be paid each period, often used in the context of credit card debt or loans to avoid penalties.
Endowment Effect
A cognitive bias where people ascribe more value to things merely because they own them.
Gains
The increase in economic benefit, which can be measured in terms of profit, utility, or welfare, resulting from an action or transaction.
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