Examlex
Which of the following is likely to have a more elastic short-run demand curve?
Diffusion Of Responsibility
A socio-psychological phenomenon where individuals in a group are less likely to take action or feel responsible when others are present.
Risky Shift
The phenomenon where groups make riskier decisions than individuals would, due to the diffusion of responsibility and other factors.
Decision Polarization
The phenomenon where a group's decisions become more extreme than the individual members' initial positions, often after a discussion or deliberation process.
Deindividuation
A psychological state in which an individual loses self-awareness and self-restraint, often in group settings.
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