Examlex
An increase or a decrease in the number of microstates parallels an increase or
decrease in the number of microscopic particles and the space available to them.
Status Quo Bias
The preference for maintaining current conditions or resisting change, even when better alternatives exist.
Anchoring Effect
A cognitive bias where an individual depends too heavily on an initial piece of information (the "anchor") when making decisions.
Endowment Effect
A psychological inclination to value possessions more highly solely due to personal ownership.
Endowment Effect
A mental occurrence in which individuals attribute increased worth to objects simply because they possess them.
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