Examlex
In what specific ways does social class affect families and family life?
Arbitrage
Arbitrage is the simultaneous purchase and sale of the same asset in different markets to profit from unequal prices.
Overconfidence
The belief that your abilities are better than they really are.
Underestimating
Underestimating refers to the act of evaluating something as less powerful, important, or serious than it actually is, which can lead to miscalculations in finance and planning.
Anchoring And Adjustment
A cognitive heuristic where individuals rely too heavily on an initial piece of information (anchor) when making decisions, adjusting insufficiently from that anchor.
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