Examlex
The oldest and largest pyramid at the Giza site is that of __________.
Myopia
A condition where individuals or organizations focus on short-term gains at the expense of long-term benefits, often leading to suboptimal decisions.
Time Inconsistency
The phenomenon where a person's preferences change over time, such that what is preferred in the future is inconsistent with what is preferred now, often leading to planning and decision-making challenges.
Behavioral Economists
Researchers who study the psychological, cognitive, emotional, cultural, and social factors that affect the economic decisions of individuals and institutions.
Endowment Effect
A cognitive bias where individuals value an owned object higher than its market value simply because they own it.
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