Examlex
Alex occasionally has self-doubts about his ability as a baseball player.His sports psychologist advised him that it is extremely important to banish these doubts from consciousness during games.Alex has found,however,that his self-doubts intensify following games.This is an example of:
Marginal Analysis
A review of the extra advantages gained from an activity in relation to the extra expenses it generates.
Benefit
The advantage or gain received from a decision, action, or policy, often used in the analysis of choices in economics.
Bounded Rationality
A basis for decision making that leads to a choice that is close to but not exactly the one that leads to the best possible economic outcome; the “good enough” method of decision making.
Closeout Sale
A type of sale with significantly reduced prices, aimed at clearing out inventory.
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