Having Extra Resources Outside of School,such as a Home Computer

question 9

True/False

Having extra resources outside of school,such as a home computer and books,seems to have the biggest impact on achievement during the summer months,when schools are closed.

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Definitions:

Anchoring

A cognitive bias in decision-making where individuals rely too heavily on an initial piece of information (the "anchor") when making judgments.

Minimum Payments

The smallest amount of a debt that must be paid each period, often used in the context of credit card debt or loans to avoid penalties.

Endowment Effect

A cognitive bias where people ascribe more value to things merely because they own them.

Gains

The increase in economic benefit, which can be measured in terms of profit, utility, or welfare, resulting from an action or transaction.