Examlex
Which of the following is a consumption good or service?
Creativity
The ability to produce original and unusual ideas, or to make something new or imaginative.
Sunk-Cost Fallacy
A cognitive error where past investments of time, effort, or money are taken into account when making a decision, even though they cannot be recovered.
Loss Aversion
The tendency to strongly prefer to avoid losses compared to attempting to acquire gains.
Hindsight Bias
The inclination to see events as having been predictable, after they have already occurred.
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