Examlex
The consumption bundle that is available,if there are no exchanges with the market,is known as the
Perception
The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment.
Primacy Effect
A perception problem through which an individual assesses a person quickly on the basis of the first information encountered.
Recency Effect
A perception problem through which we use the most recent information available to assess a person.
Recency Effect
A cognitive bias in which the most recently presented information or experiences are remembered more clearly than earlier ones.
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