Examlex
If a few of Nintendo's customers are asked to try out a new video game that has not yet been released on the market,this is an example of
Decision-Making
The cognitive process of selecting a course of action from among multiple alternatives, often involving elements of judgment and reasoning.
Temporal Discounting
The tendency to value immediate rewards more highly than future rewards, leading to a preference for sooner over later outcomes.
Avoidance
A psychological mechanism or behavior aimed at steering clear from a specific stimulus or situation due to its perceived negative consequences.
Status Quo Bias
A cognitive bias that favors existing conditions or states of affairs, leading individuals to resist change.
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