Examlex
When solid NaOH is dissolved in water, the solution becomes hot. The solution process is
Heuristics
The brain’s low-energy mental shortcuts for making decisions. They are “fast and frugal” and work well in most situations but in other situations result in systematic errors.
Behavioral Economics
An area of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions.
Neoclassical Economics
An approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
Behavioral Economics
A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect economic decisions.
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