Why Is the Renewed Outbreak of Intense Nationalism in Many

question 16

Essay

Why is the renewed outbreak of intense nationalism in many parts of the world the most serious force which increases the likelihood of terrorism? Give examples.

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Definitions:

Anchoring Effect

A cognitive bias in decision-making where individuals rely too heavily on the first piece of information (the "anchor") offered when making decisions.

Behavioral Economics

A field of economics that studies the effects of psychological, social, cognitive, and emotional factors on economic decisions.

Time Inconsistency

The tendency of individuals to change their plans or preferences over time in ways that they themselves will later regard as being against their own interests.

Myopia

Short-sightedness, in a business context, refers to a focus on short-term results at the expense of long-term interests.