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Which of the following is NOT a device to reduce transaction costs?
Cognitive Processes
The mental actions involved in acquiring, processing, and storing knowledge, including perception, memory, and reasoning.
Predictability
The degree to which a future event or outcome can be forecasted based on current knowledge or past experiences.
Classical Conditioning
A learning process in which a neutral stimulus becomes associated with an inherently meaningful stimulus and acquires the capacity to elicit a similar response.
Plane Crash
A catastrophic event involving the failure and subsequent crash of an aircraft.
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