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When the price of a good increases and all else is held constant
Defense Mechanism
Psychological strategies employed unconsciously to protect the self from anxiety, social sanctions, or to provide a refuge from a situation with which one cannot currently cope.
Oedipus Complex
A psychoanalytic theory by Freud, referring to a child's feelings of desire for the opposite-sex parent and jealousy towards the same-sex parent.
Phallic Complex
The phallic complex is a concept in psychoanalytic theory referring to a stage of psychosexual development where children's interest and attachment are focused on their genitalia and the differences between sexes.
Better-Than-Average Effect
A cognitive bias where individuals overestimate their own qualities and abilities relative to others.
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