Examlex
Students are given a series of items to memorize. They can spend as much time on each one as they need to memorize it, but after going on, they cannot go back. Despite spending as much time with each item as they think they need, most get only about half the items correct at the end. What conclusion do these results support?
Marginal Benefits
The supplementary benefit or enjoyment a person gets by consuming another unit of a good or service.
Rational Choice
The theory in economics and sociology that suggests individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.
Positively Correlated
Describes a relationship between two variables where they move in the same direction, meaning if one variable increases, the other also increases and vice versa.
Causation
The relationship between cause and effect, where one event (the cause) directly results in the occurrence of another event (the effect).
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