Examlex
You are working for a promotion to a higher-paying job.You learned that to qualify you must earn a score of 80 percent on a placement test.Therefore,you buy three practice books and take an expensive,time-consuming course to guarantee that your score will be much higher than the required 80 percent.You are expressing
Impulse Control
The ability to resist or delay an impulse, urge, or temptation to perform an action.
Recognition Heuristic
A decision-making process where a more recognized option is chosen over the less familiar one, based on the assumption that recognition is correlated with value.
Behavioral Economics
A method of economic analysis that applies psychological insights into human behaviour to explain economic decision-making.
Self-Serving Bias
Self-serving bias is the tendency to attribute positive events to one's own character but attribute negative events to external factors, affecting judgment and decision-making.
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